Post Utme Lasu 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company has the following ledger balances: Cash ₦50,000, Accounts Payable ₦20,000, Common Stock ₦150,000, Retained Earnings ₦30,000. Prepare a statement of stockholders' equity.

Answer Options

Correct Answer A. Common Stock ₦150,000, Retained Earnings ₦30,000, Total Stockholders' Equity ₦180,000
B. Common Stock ₦150,000, Retained Earnings ₦40,000, Total Stockholders' Equity ₦190,000
C. Common Stock ₦150,000, Retained Earnings ₦50,000, Total Stockholders' Equity ₦200,000
D. Common Stock ₦150,000, Retained Earnings ₦60,000, Total Stockholders' Equity ₦210,000
Correct Answer
A
Correct Option:
Common Stock ₦150,000, Retained Earnings ₦30,000, Total Stockholders' Equity ₦180,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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