Post Utme Caleb University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's financial statements show a net income of ₦1,500,000 and a cash dividend of ₦750,000. If the company's retained earnings balance is ₦2,000,000, what is the company's new retained earnings balance?

Answer Options

Correct Answer A. ₦2,250,000
B. ₦2,500,000
C. ₦2,750,000
D. ₦3,000,000
Correct Answer
A
Correct Option:
₦2,250,000

About This Question

This is Post Utme Caleb University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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