Post Utme Futo 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, shows the following: Sales Revenue ₦1,500,000, Cost of Goods Sold ₦900,000, Operating Expenses ₦300,000, and Net Income ₦200,000. Prepare a statement of cash flows.

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Futo 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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