Post Utme Abu 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, showed the following: Sales ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦50,000, Net Income ₦150,000. Prepare a statement of cash flows.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Abu 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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