Post Utme Veritas University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2022 Accounting Objective / Multiple Choice

Question 34 POST_UTME_VERITAS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following ledger balances as at December 31, 2022: Cash ₦500,000; Accounts Payable ₦200,000; Common Stock ₦1,000,000. Prepare the statement of cash flows for the company.

Answer Options

A. Cash Flows from Operating Activities ₦500,000, Cash Flows from Investing Activities ₦0

B. Cash Flows from Operating Activities ₦0, Cash Flows from Investing Activities ₦500,000

C. Cash Flows from Operating Activities ₦500,000, Cash Flows from Financing Activities ₦0

D. Cash Flows from Operating Activities ₦0, Cash Flows from Financing Activities ₦500,000

Correct Answer

N/A

About This Question

This is Post Utme Veritas University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Veritas University Accounting examination.

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