Post Utme Mountain Top University 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's financial statements show the following balances: Trading Profit (₦30,000), Non-Trading Income (₦10,000), and Total Assets (₦50,000). What is the correct explanation for the company's financial position?

Answer Options

Correct Answer A. The company has a strong financial position.
B. The company has a weak financial position.
C. The company has a stable financial position.
D. The company has a declining financial position.
Correct Answer
A
Correct Option:
The company has a strong financial position.

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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