ABC Ltd. has declared 40% dividend. Which one of the following does it mean?
A. The company has declared 40% of net profit as dividend.
B. The company has declared 40% of profits after tax as dividend.
C. The company will provide dividend 40% on issued capital.
D. The company will provide dividend 40% on paid-up capital.
Answer:D
ABC Ltd. has declared 40% dividend. Which one of the following does it mean?
A. The company has declared 40% of net profit as dividend. B. The company has declared 40% of profits after tax as dividend. C. The company will provide dividend 40% on issued capital. D. The company will provide dividend 40% on paid-up capital.