Post Utme Veritas University 2025 Accounting Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 39 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's income statement for the year ended December 31, 2024, shows the following: Revenue ₦500,000, Cost of Goods Sold ₦300,000, Operating Expenses ₦100,000, Net Income ₦50,000. Prepare a statement of cash flows for the company.

Answer Options

Correct Answer A. Cash Flows from Operations ₦200,000, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0
B. Cash Flows from Operations ₦0, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0
C. Cash Flows from Operations ₦200,000, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0
D. Cash Flows from Operations ₦0, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0
Correct Answer
A
Correct Option:
Cash Flows from Operations ₦200,000, Cash Flows from Investing ₦0, Cash Flows from Financing ₦0

About This Question

This is Post Utme Veritas University 2025 Accounting Question 39. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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