Post Utme Abu 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Abu Accounting examination.

Post Utme Abu 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2021 • ACCOUNTING • objective

A company has the following financial statements for the year ended December 31, 2021: Net Income: ₦200,000; Dividends: ₦50,000. Calculate the retained earnings for the year.

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Abu 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Abu Accounting examination.

View More Post Utme Abu 2021 Accounting Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support