
Accounting Ch. 9 :)
Authored by Susan Dixon
Business
10th - 12th Grade
Used 3+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This reports the final balances of the permanent accounts at the end of the fiscal period
Balance Sheet
Worksheet
Income Statement
Changes in Owners Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between total revenue and total expenses over a specific period of time
liabilities
assets
Net Income or net loss
owners equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT in the heading
name of business
owners name
date
name of the report
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum current ratio is considers favorable by creditors
2.1 or lower
4.1 or higher
2.1 or higher
4.1 or lower
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is the definition of quick ratio a measure of the relationship between short-term assets and current liabilities
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this format, the classifications of balance sheet accounts are shown one under the other
ratio analysis
worksheet
balance sheet
report form
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
current assets over current liabilities = current ratio
False
True
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