Interim dividend paid in the year is..........
Debited to the profit and loss account
Debited to the income surplus account
Credited to the profit and loss account
Credited to the income surplus account
Correct answer is A
No explanation has been provided for this answer.
The process of distributing shares to successful applicants is.........
Allocation
Apportionment
Allotment
Application
Correct answer is C
An allotment of shares is when a company distributes newly bought shares to applicants.
Obi's share of profit is...............
8,960
7,404
4,936
3,296
Correct answer is C
No explanation has been provided for this answer.
Taiwo's share of profit is...........
8,960
7,404
4,936
3,296
Correct answer is B
No explanation has been provided for this answer.