The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of N2.00 each. The amount of dividend declared is
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Correct Answer: Option A
Explanation:
Value of shares N2 x 1,000,000 shares
= N2,000,000
10% = \(\frac{10}{100}\) x 2,000,000 = 200,000
Value of shares N2 x 1,000,000 shares
= N2,000,000
10% = \(\frac{10}{100}\) x 2,000,000 = 200,000