Post Utme Eksu 2020 Accounting Question 40

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

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2020, are as follows: Revenue ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦100,000, Net Income ₦100,000. Prepare a statement of cash flows.

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

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

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