Post Utme Lead City University 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2020, shows the following: Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Gross Profit ₦200,000. What is the company's net income?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Lead City University 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Lead City University Accounting examination.

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