Post Utme Veritas University 2022 Commerce Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 21 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A company's financial statements show a decrease in revenue and an increase in expenses. The company's net income has decreased by 15%. What is the most likely reason for this decrease in net income?

Answer Options

Correct Answer A. Decrease in revenue
B. Increase in expenses
C. Increase in assets
D. Decrease in liabilities
Correct Answer
A
Correct Option:
Decrease in revenue

About This Question

This is Post Utme Veritas University 2022 Commerce Question 21. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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