Post Utme Ims U 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company's assets were valued at ₦1,200,000, liabilities were ₦300,000, and equity was ₦600,000. If the company's assets increased by 20% and liabilities decreased by 15%, calculate the new equity value.

Answer Options

A. ₦720,000
B. ₦800,000
Correct Answer C. ₦900,000
D. ₦1,000,000
Correct Answer
C
Correct Option:
₦900,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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