Post Utme Lead City University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following income statement: revenue 100,000, cost of goods sold 50,000, and operating expenses 20,000. What is the net income?

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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