Post Utme Abu 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company has the following financial statements: Income Statement, Balance Sheet. The company has net income of 50,000 and retained earnings of 100,000. What is the company's total equity?

Answer Options

Correct Answer A. 150,000
B. 100,000
C. 50,000
D. 200,000
Correct Answer
A
Correct Option:
150,000

About This Question

This is Post Utme Abu 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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