Post Utme Uniport 2020 Commerce Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UNIPORT • 2020 • COMMERCE • objective

A company's financial statements show that its total assets increased by 15% and its total liabilities increased by 10% over the past year. If the company's initial total assets were ₦100 million, what is its current total assets?

Answer Options

A. ₦115 million
B. ₦120 million
Correct Answer C. ₦125 million
D. ₦130 million
Correct Answer
C
Correct Option:
₦125 million

About This Question

This is Post Utme Uniport 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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