Post Utme Caleb University 2019 Commerce Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2019 Commerce Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2019 • COMMERCE • objective

A firm's financial statements show that its total assets are ₦500,000 and its total liabilities are ₦300,000. What is the firm's equity?

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Caleb University 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Caleb University Commerce examination.

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