Post Utme Wellspring University 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice

Question 34 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

A company's financial statements show a net loss of ₦1,000,000. Which of the following is a consequence of this?

Answer Options

A. The company's shareholders will receive a dividend

B. The company's creditors will be paid in full

Correct Answer C. The company's assets will be sold to pay off debts

D. The company's management will be fired

Correct Answer

Correct Option:

The company's assets will be sold to pay off debts

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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