Post Utme Mountain Top University 2018 Commerce Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2018 Commerce Objective / Multiple Choice
Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • COMMERCE • objective

A bank's financial statement shows a net income of ₦1.2 million. However, the bank's assets have increased by ₦2.5 million, while its liabilities have decreased by ₦1.3 million. What is the bank's cash flow from operating activities?

Answer Options

A. ₦1.2 million
B. ₦2.5 million
C. ₦1.3 million
Correct Answer D. ₦3.8 million
Correct Answer
D
Correct Option:
₦3.8 million

About This Question

This is Post Utme Mountain Top University 2018 Commerce Question 38. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.

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