Post Utme Nile University 2017 General Studies Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Nile University General Studies examination.

Post Utme Nile University 2017 General Studies Objective / Multiple Choice
Question 2 POST_UTME_NILE_UNIVERSITY • 2017 • GENERAL STUDIES • objective

A company has a profit of ₦120,000 and a total of ₦150,000 in assets. If the company's liabilities are ₦30,000, what is the company's equity?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2017 General Studies Question 2. It is one of the objective questions from the 2017 Post Utme Nile University General Studies examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support