Post Utme Wellspring University 2019 Commerce Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

A company's cash flow statement for the year ended December 31, 2022, is as follows: Cash from Operations ₦1,500,000; Cash from Investing Activities ₦(500,000); Cash from Financing Activities ₦(1,000,000). The net increase in cash and cash equivalents for the year is

Answer Options

A. ₦1,000,000
B. ₦500,000
Correct Answer C. ₦0
D. ₦-1,000,000
Correct Answer
C
Correct Option:
₦0

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 28. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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