Post Utme Redeemers University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2020, are as follows: Total Revenue ₦500,000, Total Expenses ₦300,000, and Net Income ₦200,000. Prepare the company's statement of cash flows.

Answer Options

Correct Answer A. Operating Activities ₦200,000, Investing Activities ₦100,000, Financing Activities ₦0
B. Operating Activities ₦300,000, Investing Activities ₦0, Financing Activities ₦0
C. Operating Activities ₦400,000, Investing Activities ₦100,000, Financing Activities ₦0
D. Operating Activities ₦400,000, Investing Activities ₦0, Financing Activities ₦0
Correct Answer
A
Correct Option:
Operating Activities ₦200,000, Investing Activities ₦100,000, Financing Activities ₦0

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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