Post Utme Oau 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_OAU • 2020 • COMMERCE • objective

A company's financial statements include a balance sheet, income statement, and cash flow statement. Which of the following is a primary purpose of the income statement?

Answer Options

A. To show the company's financial position at a specific date
B. To show the company's liquidity
Correct Answer C. To show the company's profitability
D. To show the company's cash flows
Correct Answer
C
Correct Option:
To show the company's profitability

About This Question

This is Post Utme Oau 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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