Post Utme Lead City University 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's financial statements for the year ended 31st December 2022 are as follows: ₦150,000 in revenue, ₦100,000 in cost of goods sold, ₦20,000 in operating expenses, ₦10,000 in depreciation, and ₦5,000 in interest expense. Calculate the company's net income.

Answer Options

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

About This Question

This is Post Utme Lead City University 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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