Post Utme Wellspring University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

The following is a statement of cash flows for a public sector entity. Prepare the cash flow statement using the indirect method.

Answer Options

Correct Answer A. Cash flows from operating activities: ₦1,500,000; Cash flows from investing activities: ₦750,000; Cash flows from financing activities: ₦1,000,000
B. Cash flows from operating activities: ₦1,000,000; Cash flows from investing activities: ₦1,500,000; Cash flows from financing activities: ₦750,000
C. Cash flows from operating activities: ₦750,000; Cash flows from investing activities: ₦1,000,000; Cash flows from financing activities: ₦1,500,000
D. Cash flows from operating activities: ₦1,500,000; Cash flows from investing activities: ₦1,000,000; Cash flows from financing activities: ₦750,000
Correct Answer
A
Correct Option:
Cash flows from operating activities: ₦1,500,000; Cash flows from investing activities: ₦750,000; Cash flows from financing activities: ₦1,000,000

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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