Post Utme Uniben 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2023, is as follows: Revenue ₦1,500,000, Cost of Goods Sold ₦0,750,000, Gross Profit ₦0,750,000, Operating Expenses ₦0,250,000, Net Income ₦0,500,000. Prepare a statement of cash flows for the company.

Answer Options

A. Cash Flows from Operating Activities: ₦1,500,000, Cash Flows from Investing Activities: ₦0,000, Cash Flows from Financing Activities: ₦0,000
B. Cash Flows from Operating Activities: ₦0,500,000, Cash Flows from Investing Activities: ₦0,000, Cash Flows from Financing Activities: ₦0,000
Correct Answer C. Cash Flows from Operating Activities: ₦0,750,000, Cash Flows from Investing Activities: ₦0,000, Cash Flows from Financing Activities: ₦0,000
D. Cash Flows from Operating Activities: ₦0,250,000, Cash Flows from Investing Activities: ₦0,000, Cash Flows from Financing Activities: ₦0,000
Correct Answer
C
Correct Option:
Cash Flows from Operating Activities: ₦0,750,000, Cash Flows from Investing Activities: ₦0,000, Cash Flows from Financing Activities: ₦0,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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