Post Utme Bells University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Bells University Accounting examination.

Post Utme Bells University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_BELLS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's financial statements show the following accounts: Sales = ₦1,200,000, Cost of Goods Sold = ₦800,000, Gross Profit = ₦400,000, Operating Expenses = ₦250,000, Net Income = ₦150,000. Prepare the company's cash flow statement.

Answer Options

Correct Answer A. Cash Flows from Operations = ₦200,000, Cash Flows from Investing = ₦0, Cash Flows from Financing = ₦0, Net Change in Cash = ₦200,000
B. Cash Flows from Operations = ₦250,000, Cash Flows from Investing = ₦0, Cash Flows from Financing = ₦0, Net Change in Cash = ₦250,000
C. Cash Flows from Operations = ₦300,000, Cash Flows from Investing = ₦0, Cash Flows from Financing = ₦0, Net Change in Cash = ₦300,000
D. Cash Flows from Operations = ₦350,000, Cash Flows from Investing = ₦0, Cash Flows from Financing = ₦0, Net Change in Cash = ₦350,000
Correct Answer
A
Correct Option:
Cash Flows from Operations = ₦200,000, Cash Flows from Investing = ₦0, Cash Flows from Financing = ₦0, Net Change in Cash = ₦200,000

About This Question

This is Post Utme Bells University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Bells University Accounting examination.

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