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Jamb Accounts - Principles of Accounts 2021 Past Questions and Answers

Jamb 2021 Accounts - Principles of Accounts Past Questions

Question 36:

JAMB 2021

Which of the following stock valuation method is suitable under inflationary conditions?

A. LIFO
B. Simple average
C. FIFO
D. Weighted average

View Answer & Explanation

Question 37:

JAMB 2021

The ordinary shareholders enjoy the following right except the right to

A. Receive dividends at a predetermined rate
B. Vote at annual general meetings
C. Elect the board of directors
D. Participate in additional issues of shares

View Answer & Explanation

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