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WAEC Commerce 2008 Question 40

Question 40

Co-operative Societies

Which of the following receives dividend based on patronage?

  1. A.Preference shareholder
  2. B.Co-operative society member
  3. C.Cumulative preference shareholder
  4. D.Debenture holder.
Show the answer and explanation

Answer: B (Co-operative society member)

Explanation

Co-operative members share surplus according to how much they bought (patronage).