Post Utme Skyline University 2022 Accounting Question 46

Practice objective / multiple choice question 46 from the 2022 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2022 Accounting Objective / Multiple Choice
Question 46 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's financial statements for the year ended 31st December, 2022, showed the following: Revenue ₦1,500,000, Cost of Goods Sold ₦900,000, Gross Profit ₦600,000, Operating Expenses ₦150,000, Net Income ₦450,000. Prepare a statement of comprehensive income for the year ended 31st December, 2022.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,200,000
C. ₦1,400,000
D. ₦1,600,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Skyline University 2022 Accounting Question 46. It is one of the objective questions from the 2022 Post Utme Skyline University Accounting examination.

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