Post Utme Skyline University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following balances: Assets 100,000, Liabilities 50,000, Equity 50,000. What is the company's net income for the year?

Answer Options

Correct Answer A. 20,000
B. 30,000
C. 40,000
D. 50,000
Correct Answer
A
Correct Option:
20,000

About This Question

This is Post Utme Skyline University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Skyline University Accounting examination.

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