Post Utme Futo 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Futo Accounting examination.

Post Utme Futo 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_FUTO • 2022 • ACCOUNTING • objective

A company's balance sheet shows the following: Assets ₦1,000,000, Liabilities ₥30,000, and Stockholders' Equity ₦10,000. What is the company's net income?

Answer Options

Correct Answer A. ₥10,000
B. ₥20,000
C. ₥30,000
D. ₥40,000
Correct Answer
A
Correct Option:
₥10,000

About This Question

This is Post Utme Futo 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Futo Accounting examination.

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