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WAEC Financial Accounting 2024 Question 49

Question 49

Company Accounts

Distribution of dividends to shareholders are made from profit

  1. A.on sale of fixed assets.
  2. B.before tax.
  3. C.after tax.
  4. D.on purchase of business.
Show the answer and explanation

Answer: C (after tax.)

Explanation

Dividends are paid out of profit left after tax.