Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Preference dividend for the year is
- A. N20,000
- B. N10,500
- C. N10,000
- D. N7,500
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
The amount available as dividend to ordinary shareholders is
- A. N75,000
- B. N65,000
- C. N55,000
- D. N52,500
Patient and trade marks are classified under
- A. intangible assets
- B. current assets
- C. fixed assets
- D. wasting assets
The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is
- A. apportionment
- B. virement
- C. appropriation
- D. allocation
Which of the following is the responsibility of a local government?
- A. constructing market stalls
- B. raising income tax revenue
- C. developing highways and tolling them
- D. developing major ports for tax purposes
Which of the following is not an externally visible part of a computer?
- A. centra processing unit
- B. microchip
- C. monitor
- D. keyboard
The document which advertises the sale of shares of a company is a/an
- A. prospectus
- B. debenture
- C. statement
- D. invoice
The transformation of pieces of information into a more useful format is
- A. data processing
- B. information processing
- C. computerization
- D. system analysis
A chain store is known as?
- A. department store
- B. multiple store
- C. supermarket
- D. hypermarket
An unfavourable balance of trade for a country means that her?
- A. imports exceed exports
- B. visible exports exceed invisible import
- C. invisible exports exceed visible exports
- D. imports and exports are equal