Post Utme Rhema University 2022 Commerce Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

A firm's cash flow statement shows a net increase in cash of ₦100,000. Which of the following is a correct interpretation of this information?

Answer Options

A. The firm has generated ₦100,000 in revenue
B. The firm has invested ₦100,000 in assets
C. The firm has paid ₦100,000 in dividends
Correct Answer D. The firm has increased its cash balance by ₦100,000
Correct Answer
D
Correct Option:
The firm has increased its cash balance by ₦100,000

About This Question

This is Post Utme Rhema University 2022 Commerce Question 9. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.

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