Solved

A Company Issued 120,000 Fully Paid, 5% Preference Shares Priced

Question 49

Multiple Choice

A company issued 120,000 fully paid, 5% preference shares priced at $2 each. The dividend to be paid on the shares for a financial year is:

A) $5,000.
B) $10,000.
C) $20,000.
D) $12,000.

Related Questions

Q44: Small proprietary companies are relieved of many

Q45: The largest source of new finance for

Q46: Shareholders who exercise their entitlement to a

Q47: What is the main stock exchange in

Q48: Additional regulations that may apply to limited

Q50: How are dividends that have been declared

Q51: Which statement is untrue for private (Pty

Q52: Redeemable preference shares:<br>A)are the same as bonus

Q53: Which of these is not an advantage

Q54: A company needs $3,000,000 for expansion. They