Post Utme Veritas University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's balance sheet shows the following: Cash 10,000, Accounts Payable 5,000, Common Stock 50,000, and Retained Earnings 30,000. What is the total equity of the company?

Answer Options

A. 80,000
B. 85,000
Correct Answer C. 90,000
D. 95,000
Correct Answer
C
Correct Option:
90,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Veritas 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