WAEC Accounting 2024 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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Distribution of dividends to shareholders are made from
- A. profit on sale of fixed assets
- B. before tax profit
- C. after tax profitCorrect
- D. proceeds on purchase of business
Explanation
Dividends can only be shared from profits remaining after tax has been deducted.
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