Post Utme Christopher University 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as of December 31, 2024, showed the following: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦100,000, and Retained Earnings ₦30,000. Prepare the company's statement of cash flows.

Answer Options

Correct Answer A. Cash Flows from Operating Activities ₦50,000, Cash Flows from Investing Activities ₦0, Cash Flows from Financing Activities ₦0
B. Cash Flows from Operating Activities ₦50,000, Cash Flows from Investing Activities ₦0, Cash Flows from Financing Activities ₦0
C. Cash Flows from Operating Activities ₦50,000, Cash Flows from Investing Activities ₦0, Cash Flows from Financing Activities ₦0
D. Cash Flows from Operating Activities ₦50,000, Cash Flows from Investing Activities ₦0, Cash Flows from Financing Activities ₦0
Correct Answer
A
Correct Option:
Cash Flows from Operating Activities ₦50,000, Cash Flows from Investing Activities ₦0, Cash Flows from Financing Activities ₦0

About This Question

This is Post Utme Christopher University 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

View More Post Utme Christopher University 2025 Accounting Questions More Post Utme Christopher University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support