Post Utme Lasu 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Lasu Accounting examination.

Post Utme Lasu 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LASU • 2022 • ACCOUNTING • objective

A company's income statement for the year ended 31st December, 2022 is as follows: Sales Revenue ₦ 150,000, Cost of Goods Sold ₦ 80,000, Gross Profit ₦ 70,000, Operating Expenses ₦ 30,000, Net Income ₦ 40,000. Prepare the company's statement of cash flows for the year ended 31st December, 2022.

Answer Options

A. ₦ 40,000
B. ₦ 50,000
C. ₦ 60,000
Correct Answer D. ₦ 70,000
Correct Answer
D
Correct Option:
₦ 70,000

About This Question

This is Post Utme Lasu 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Lasu Accounting examination.

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