Post Utme Al Hikmah University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2018, showed the following: Sales ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦50,000, Net Income ₦150,000. Prepare the company's income statement for the year ended December 31, 2018.

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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