Post Utme Bowen University 2021 Commerce Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 33 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

A company's financial statements show that its assets have increased by 15% and its liabilities have decreased by 10%. What is the effect on the company's equity?

Answer Options

A. Increase by 5%
Correct Answer B. Increase by 10%
C. Decrease by 5%
D. Decrease by 10%
Correct Answer
B
Correct Option:
Increase by 10%

About This Question

This is Post Utme Bowen University 2021 Commerce Question 33. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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