Use the following information to answer the giv... - WAEC Accounting 2006 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & ₦\ \hline \text{ordinary shares of ₦1 each} & 500,000\ \text{8% preference shares of ₦1 each} & 200,000\ \text{Interim dividends paid} & \ \text{- ordinary shares} & 40,000\ \text{-preference shares} & 12,000\ \text{profit for the year} & 100,000\end{array}\)
The dividend per ordinary shares for the year is
\(\begin{array}{c|c} & ₦\ \hline \text{ordinary shares of ₦1 each} & 500,000\ \text{8% preference shares of ₦1 each} & 200,000\ \text{Interim dividends paid} & \ \text{- ordinary shares} & 40,000\ \text{-preference shares} & 12,000\ \text{profit for the year} & 100,000\end{array}\)
The dividend per ordinary shares for the year is
A
₦0.88 kobo
B
₦0.40 kobo
C
₦0.20 kobo
D
₦0.17 kobo
correct option: b
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