Post Utme Bowen University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, is as follows: Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, Operating Expenses ₦100,000, and Net Income ₦50,000. Prepare a statement of cash flows using the indirect method.

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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