Post Utme Ims U 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's income statement shows the following: Revenue ₦150,000, Cost of Goods Sold ₦80,000, and Gross Profit ₦70,000. What is the company's net income?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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