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WAEC Commerce 1995 Question 69

Question 69

Business Finance

Dividend paid by public limited companies

  1. A.is based on patronage
  2. B.depends on the price of the shares
  3. C.is based on stock exchange rating
  4. D.depends on profit declared
  5. E.depends on rate of turnover
Show the answer and explanation

Answer: D (depends on profit declared)

Explanation

Dividends are paid out of the profit the company declares.