Post Utme Rhema University 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency is required to prepare a statement of cash flows using the indirect method. The agency's net income for the year is ₦500,000, and its net cash flows from operating activities are ₦750,000. Calculate the agency's net increase in cash and cash equivalents.

Answer Options

Correct Answer A. ₦250,000
B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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