Post Utme Mountain Top University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's financial statements show the following information: Net Income ₦50,000, Dividends ₦20,000, and Retained Earnings ₦30,000. What is the new balance of Retained Earnings?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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