Post Utme Babcock University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's income statement shows the following information: Sales ₦500,000, Cost of Goods Sold ₦300,000, and Gross Profit ₦200,000. If the company's operating expenses are ₦100,000, calculate the net income.

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Babcock University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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