Post Utme Achievers University 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's balance sheet showed the following balances: Cash ₦ 100,000, Accounts Payable ₦ 50,000, Common Stock ₦ 200,000, Retained Earnings ₦ 50,000. Prepare the company's statement of stockholders' equity.

Answer Options

Correct Answer A. Common Stock ₦ 200,000, Retained Earnings ₦ 50,000, Total Stockholders' Equity ₦ 250,000
B. Common Stock ₦ 200,000, Retained Earnings ₦ 50,000, Total Stockholders' Equity ₦ 250,000
C. Common Stock ₦ 200,000, Retained Earnings ₦ 50,000, Total Stockholders' Equity ₦ 250,000
D. Common Stock ₦ 200,000, Retained Earnings ₦ 50,000, Total Stockholders' Equity ₦ 250,000
Correct Answer
A
Correct Option:
Common Stock ₦ 200,000, Retained Earnings ₦ 50,000, Total Stockholders' Equity ₦ 250,000

About This Question

This is Post Utme Achievers University 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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