Post Utme Madonna University 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A company's financial statements show that it has a net worth of ₦5,000,000 and a total debt of ₦3,000,000. What is the company's equity?

Answer Options

Correct Answer A. ₦2,000,000
B. ₦1,500,000
C. ₦1,000,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦2,000,000

About This Question

This is Post Utme Madonna University 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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