Given:
Ordinary share dividend ₦100,000, General...
Given:
Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corporation tax ₦2,500, Profit and loss ₦28,200, Interim ordinary dividend ₦4,050, Goodwill 20,50 provide for preference Dividend ₦2100 and Final ordinary Dividend of 5% and also write off Goodwill at ₦1500.
The retained profit in the Appropriation account is
₦55,570
₦36,320
₦50,000
₦30,000
Correct answer is B
Ordinary share dividend = 5% × 10,000 = 5000
Retained profit = (27,370 + 28,000 - 4100 + 1500 - 4050 + 5000 + 2100 + 2500)
⇒ 55,570 - 19,250 = ₦36,320
The part of the C.P.U used for the processing of data is ...
Recurrent expenditure of a local government include ...
Which of the following statements is not valid? ...
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \hline...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...
The accumulative fund of a non-for-profit making organization is ...
Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and the...