Post Utme Summit University 2019 Commerce Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Summit University Commerce examination.

Post Utme Summit University 2019 Commerce Objective / Multiple Choice

Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2019 • COMMERCE • objective

A company's financial statements include a balance sheet, income statement, and cash flow statement. Which of the following is NOT a primary purpose of the balance sheet?

Answer Options

A. To show the company's financial position at a specific date.

B. To show the company's financial performance over a specific period.

Correct Answer C. To show the company's cash and cash equivalents.

D. To show the company's long-term liabilities.

Correct Answer

Correct Option:

To show the company's cash and cash equivalents.

About This Question

This is Post Utme Summit University 2019 Commerce Question 33. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.

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