E4B&F - Term 3 Review

The revenue of the company in the past year is shown on the balance sheet.

• True

• False

The two sides or halves of a balance sheet always gave the same total.

• True

• False

The balance sheet gives information on how much money the company has received from sales of shares.

• True

• False

The assets total is always the same as the liabilities total.

• True

• False

The balance sheet tells you how much money the company owes.

• True

• False

____ are companies that provide other companies with materials, components, etc.

• Liabilities

• Assets

• Shareholders’ equity

• Retained earnings

• Suppliers

____ are profits that the company has not distributed to shareholders.

• Liabilities

• Assets

• Shareholders’ equity

• Retained earnings

• Suppliers

____ are things a company owns and uses in its business.

• Liabilities

• Assets

• Shareholders’ equity

• Retained earnings

• Suppliers

____ consist of everything a company owes.

• Liabilities

• Assets

• Shareholders’ equity

• Retained earnings

• Suppliers

____ consists of money belonging to a company's owners.

• Liabilities

• Assets

• Shareholders’ equity

• Retained earnings

• Suppliers