Post Utme Joseph Ayo Babalola University 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A company's financial statements show a significant increase in revenue, but a decrease in profit. What could be the reason for this discrepancy?

Answer Options

A. Inflation has led to a decrease in the purchasing power of the company's revenue.
B. The company has increased its expenses to maintain its market share.
C. The company has invested in new projects that have not yet generated profits.
Correct Answer D. The company has changed its accounting methods, leading to a decrease in reported profits.
Correct Answer
D
Correct Option:
The company has changed its accounting methods, leading to a decrease in reported profits.

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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