Post Utme Oau 2025 Accounting Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Oau Accounting examination.

Post Utme Oau 2025 Accounting Objective / Multiple Choice
Question 38 POST_UTME_OAU • 2025 • ACCOUNTING • objective

A company's income statement has the following account balances: Sales 100,000, Cost of Goods Sold 60,000, Gross Profit 40,000, Operating Expenses 20,000, Net Income 20,000. What is the company's gross profit?

Answer Options

Correct Answer A. 40,000
B. 60,000
C. 80,000
D. 100,000
Correct Answer
A
Correct Option:
40,000

About This Question

This is Post Utme Oau 2025 Accounting Question 38. It is one of the objective questions from the 2025 Post Utme Oau Accounting examination.

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