The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of N2.00 each. The amount of dividend declared is

  • A N200,000
  • B N100,000
  • C N20,000
  • D N10,000
waec 2019accounting

The correct answer is A. N200,000

value of shares N2 x 1,000,000 shares 

= N2,000,000

10% = \(\frac{10}{100}\) x 2,000,000 = 200,000

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