Post Utme Ims U 2019 Commerce Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Ims U Commerce examination.

Post Utme Ims U 2019 Commerce Objective / Multiple Choice
Question 2 POST_UTME_IMS_U • 2019 • COMMERCE • objective

A firm's financial statements show that its total assets increased by 15% in the last year. If its total liabilities increased by 12% during the same period, what is the percentage increase in its equity?

Answer Options

A. 2%
B. 3%
Correct Answer C. 4%
D. 5%
Correct Answer
C
Correct Option:
4%

About This Question

This is Post Utme Ims U 2019 Commerce Question 2. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.

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