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WAEC Accounting 2023 Objective — Question 24

Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Profit distributed to ordinary shareholders of a limited liability company is

A. interest.
B. surplus.
C. dividend.Correct
D. reserve.

Explanation

Shareholders receive their share of company profit in the form of dividends.

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