Post Utme Lautech 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's balance sheet showed the following balances: Cash £ 10,000, Accounts Payable £ 5,000, Common Stock £ 20,000, Retained Earnings £ 15,000. Prepare the company's statement of stockholders' equity.

Answer Options

A. £ 25,000
B. £ 30,000
C. £ 35,000
Correct Answer D. £ 40,000
Correct Answer
D
Correct Option:
£ 40,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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