Post Utme Mountain Top University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice

Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows a total equity of ₦150,000. If the company's retained earnings are ₦80,000 and its issued share capital is ₦50,000, what is the correct interpretation of the total equity?

Answer Options

A. The company has a moderate level of equity

Correct Answer B. The company has a high level of equity

C. The company has a low level of equity

D. The company has insufficient equity

Correct Answer

Correct Option:

The company has a high level of equity

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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