Post Utme Afe Babalola University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each. If the company's profit for the year is ₦1,500,000, and the company's expenses for the year are ₦800,000, what is the company's net profit?

Answer Options

Correct Answer A. ₦700,000
B. ₦600,000
C. ₦800,000
D. ₦900,000
Correct Answer
A
Correct Option:
₦700,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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