Post Utme Mountain Top University 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2024 Commerce Objective / Multiple Choice

Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • COMMERCE • objective

A company's financial statement shows a net loss of ₦500,000. What is the implication of this on the company's financial position?

Answer Options

A. The company's assets have increased

B. The company's liabilities have decreased

Correct Answer C. The company's equity has decreased

D. The company's cash flow has improved

Correct Answer

Correct Option:

The company's equity has decreased

About This Question

This is Post Utme Mountain Top University 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Mountain Top University Commerce examination.

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