Post Utme Mountain Top University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's balance sheet shows a current asset of ₦50,000 and a current liability of ₦30,000. The company's profit for the year is ₦20,000. Prepare the cash flow statement for the year, showing the operating activities, investing activities, and financing activities

Answer Options

Correct Answer A. ₦20,000 from operating activities, ₦0 from investing activities, and ₦0 from financing activities
B. ₦10,000 from operating activities, ₦10,000 from investing activities, and ₦0 from financing activities
C. ₦15,000 from operating activities, ₦5,000 from investing activities, and ₦0 from financing activities
D. ₦25,000 from operating activities, ₦0 from investing activities, and ₦0 from financing activities
Correct Answer
A
Correct Option:
₦20,000 from operating activities, ₦0 from investing activities, and ₦0 from financing activities

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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