Post Utme Skyline University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2022, shows the following: Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Gross Profit ₦200,000. What is the company's net income for the year?

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Skyline University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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