Post Utme Bsu 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A company has a balance sheet as follows: ₦100,000 in cash, ₦50,000 in accounts receivable, ₦20,000 in inventory, ₦30,000 in prepaid expenses, and ₦10,000 in long-term investments. If the company has a total liabilities of ₦150,000, calculate the amount of long-term investments.

Answer Options

A. ₦10,000
B. ₦20,000
C. ₦30,000
Correct Answer D. ₦40,000
Correct Answer
D
Correct Option:
₦40,000

About This Question

This is Post Utme Bsu 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Bsu Accounting examination.

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