Post Utme Ims U 2022 Accounting Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2022, show the following: - Gross profit: ₦500,000 - Operating expenses: ₦200,000 - Non-operating income: ₦100,000 What is the company's net income?

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 5. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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