Multiple choice

Dividend on equity shares is paid up as a percentage of ______.

  1. paid up capital (including calls in advance)

  2. paid up capital (excluding calls in advance)

  3. subscribed capital

  4. called up capital
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Dividend is not paid on calls in advance. Subscribed capital is total capital applied by the public. Called up capital is capital called by the company but may or may not be paid by the shareholders.

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