Post Utme Noun 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Noun Accounting examination.

Post Utme Noun 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2020 • ACCOUNTING • objective

A company has the following ledger balances: Accounts Payable 10,000, Common Stock 20,000, and Retained Earnings 30,000. What is the total amount of equity on the balance sheet?

Answer Options

A. 60,000
B. 70,000
Correct Answer C. 80,000
D. 90,000
Correct Answer
C
Correct Option:
80,000

About This Question

This is Post Utme Noun 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Noun Accounting examination.

View More Post Utme Noun 2020 Accounting Questions More Post Utme Noun Practice Questions Back to Questions

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