Shareholder Payments – NBC Institute

FA – Nov 2013 – L1 – SA – Q17 – Elements of Financial Statements

Determining the dividend payable to a shareholder.

Question

A dividend of 10% on the nominal value of a company with 100,000 ordinary shares of 50k nominal value has been declared. How much will a shareholder receive as dividend if he has 10,000 shares?

A. N200
B. N400
C. N500
D. N1,000
E. N5,000

Answer

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Tags: Accounting Calculations, Dividends, Shareholder Payments
Level: Level 1

Topic: Elements of Financial Statements
Series: NOV 2013

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FA – Nov 2013 – L1 – SA – Q17 – Elements of Financial Statements

Determining the dividend payable to a shareholder.

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Determining the dividend payable to a shareholder.

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Determining the dividend payable to a shareholder.

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