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WAEC Commerce 2005 Question 31

Question 31

Business Finance

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

  1. A.Cumulative preference share
  2. B.Preference share
  3. C.Deferred share
  4. D.Ordinary share
Show the answer and explanation

Answer: D (Ordinary share)

Explanation

Ordinary share dividends vary with profits.