Post Utme Futo 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company's income statement shows the following balances: Revenue ₦ 200,000, Cost of Goods Sold ₦ 100,000, Gross Profit ₦ 100,000. Prepare the company's cash flow statement.

Answer Options

A. Cash Flows from Operations ₦ 100,000, Cash Flows from Investing ₦ 50,000, Cash Flows from Financing ₦ 50,000
B. Cash Flows from Operations ₦ 50,000, Cash Flows from Investing ₦ 100,000, Cash Flows from Financing ₦ 50,000
Correct Answer C. Cash Flows from Operations ₦ 100,000, Cash Flows from Investing ₦ 50,000, Cash Flows from Financing ₦ 50,000
D. Cash Flows from Operations ₦ 50,000, Cash Flows from Investing ₦ 50,000, Cash Flows from Financing ₦ 100,000
Correct Answer
C
Correct Option:
Cash Flows from Operations ₦ 100,000, Cash Flows from Investing ₦ 50,000, Cash Flows from Financing ₦ 50,000

About This Question

This is Post Utme Futo 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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