JAMB - Accounts Principles Of Accounts (2025 - No. 1)
The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of GH¢ 2.00 each. The amount of dividend declared is
GH¢ 10,000
GH¢ 200,000
GH¢ 100,000
GH¢ 20,000
Explanation
The share capital = GH¢2.00 × 1,000,000 = GH¢2,000,000.
Dividend = 10% of GH¢2,000,000 = GH¢200,000.
Dividend = 10% of GH¢2,000,000 = GH¢200,000.
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