Post Utme Pan Atlantic University 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2018 Commerce Objective / Multiple Choice

Question 34 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. To show the company's financial position at a specific point in time

Correct Answer B. To show the company's profitability

C. To show the company's liquidity

D. To show the company's cash flows

Correct Answer

Correct Option:

To show the company's profitability

About This Question

This is Post Utme Pan Atlantic University 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Commerce examination.

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