Post Utme Abu 2021 Commerce Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Abu Commerce examination.

Post Utme Abu 2021 Commerce Objective / Multiple Choice
Question 22 POST_UTME_ABU • 2021 • COMMERCE • objective

A bank's financial statement shows a net income of ₦1.2 billion. If the bank's total assets are ₦5.5 billion and its total liabilities are ₦3.8 billion, what is the bank's equity?

Answer Options

A. ₦1.8 billion
B. ₦2.2 billion
Correct Answer C. ₦2.5 billion
D. ₦3.0 billion
Correct Answer
C
Correct Option:
₦2.5 billion

About This Question

This is Post Utme Abu 2021 Commerce Question 22. It is one of the objective questions from the 2021 Post Utme Abu Commerce examination.

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