Post Utme Summit University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2024, is presented below. Prepare the company's statement of changes in equity for the year.

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Summit University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support