Post Utme Futo 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Futo Commerce examination.

Post Utme Futo 2019 Commerce Objective / Multiple Choice
Question 37 POST_UTME_FUTO • 2019 • COMMERCE • objective

A company's balance sheet is given by Assets = Liabilities + Equity. If the company's assets increase by 10% and its liabilities increase by 5%, what is the percentage change in equity?

Answer Options

A. 5%
B. 10%
Correct Answer C. 15%
D. 20%
Correct Answer
C
Correct Option:
15%

About This Question

This is Post Utme Futo 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Futo Commerce examination.

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