Post Utme Bowen University 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2017 Commerce Objective / Multiple Choice
Question 6 POST_UTME_BOWEN_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statements show a decrease in net income by 15% from the previous year. However, the company's total assets increased by 20% during the same period. What is the likely reason for the decrease in net income?

Answer Options

A. Decrease in sales revenue
Correct Answer B. Increase in operating expenses
C. Decrease in accounts receivable
D. Increase in accounts payable
Correct Answer
B
Correct Option:
Increase in operating expenses

About This Question

This is Post Utme Bowen University 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Bowen University Commerce examination.

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