Post Utme Crawford University 2020 Commerce Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2020 Commerce Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • COMMERCE • objective

A firm's financial statements show a net income of ₦1.2 million, but the cash flow statement shows a net decrease of ₦500,000. What is the most likely explanation for this discrepancy?

Answer Options

A. Depreciation of assets
Correct Answer B. Increase in accounts receivable
C. Increase in accounts payable
D. Decrease in inventory
Correct Answer
B
Correct Option:
Increase in accounts receivable

About This Question

This is Post Utme Crawford University 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.

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