The ordinary shareholders enjoy the following right except the right to
Receive dividends at a predetermined rate
Vote at annual general meetings
Elect the board of directors
Participate in additional issues of shares
Correct answer is A
No explanation has been provided for this answer.
Which of the following stock valuation method is suitable under inflationary conditions?
LIFO
Simple average
FIFO
Weighted average
Correct answer is C
No explanation has been provided for this answer.
In the preparation of financial statements, full disclosure of minor events are ignored in line with
Accrual concept
Money measurement concept
Business entity concept
Materiality concept
Correct answer is D
No explanation has been provided for this answer.
The original record containing the details of a transaction which serves as a basis for posting is
general ledger
source document
subsidiary book
trial balance
Correct answer is C
No explanation has been provided for this answer.
₦5,480,000
₦6,480,000
₦8,480,000
₦7,380,000
Correct answer is A
No explanation has been provided for this answer.