GCE Accounting 2023 Objective — Question 24
Question 24 of 50 from the General Certificate of Education (GCE) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Profit distributed to ordinary shareholders of a limited liability company is (a) interest (b) surplus (c) dividend (d) reserve
- A. interest
- B. surplus
- C. dividendCorrect
- D. reserve
Explanation
A dividend is the portion of company profit distributed to shareholders in proportion to their shareholding.
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