Post Utme Rhema University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A government agency is required to prepare a statement of cash flows. The statement shows a net increase in cash of ₦500,000. What is the reason for the increase?

Answer Options

A. The agency received a loan from the government.
Correct Answer B. The agency sold an asset for cash.
C. The agency paid a dividend to its shareholders.
D. The agency received a grant from a donor organization.
Correct Answer
B
Correct Option:
The agency sold an asset for cash.

About This Question

This is Post Utme Rhema University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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