Post Utme Skyline University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice

Question 24 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's balance sheet shows a total assets of ₦500,000 and a total liabilities of ₦300,000. What is the correct interpretation of the company's equity?

Answer Options

A. The company has a net loss of ₦200,000

Correct Answer B. The company has a net income of ₦200,000

C. The company has a retained earnings of ₦200,000

D. The company has a dividend of ₦200,000

Correct Answer

Correct Option:

The company has a net income of ₦200,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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