Post Utme Aaua 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's income statement shows the following balances: Sales Revenue ₦150,000, Cost of Goods Sold ₦80,000, Gross Profit ₦70,000. What is the company's net income?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Aaua 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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