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WAEC Financial Accounting 1997 Question 34

Question 34

Company Accounts

The amount of a company's profit given to a shareholder is known as

  1. A.premium
  2. B.dividend
  3. C.interest
  4. D.allotment
  5. E.warrant.
Show the answer and explanation

Answer: B (dividend)

Explanation

A dividend is the share of profit paid to shareholders.