Post Utme Rhema University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency has the following transactions: Salaries ₦100,000, Rent ₦50,000, and Utilities ₦20,000. Prepare the agency's statement of cash flows for the year.

Answer Options

Correct Answer A. Cash Flows from Operations ₦150,000, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0
B. Cash Flows from Operations ₦100,000, Cash Flows from Investing ₦50,000, Cash Flows from Financing ₦0
C. Cash Flows from Operations ₦50,000, Cash Flows from Investing ₦100,000, Cash Flows from Financing ₦0
D. Cash Flows from Operations ₦0, Cash Flows from Investing ₦150,000, Cash Flows from Financing ₦0
Correct Answer
A
Correct Option:
Cash Flows from Operations ₦150,000, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0

About This Question

This is Post Utme Rhema University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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