2.03 Statement of Financial Positions Note Taking Guide

2.03 Statement of Financial Positions Note Taking Guide

9th - 12th Grade

10 Qs

quiz-placeholder

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2.03 Statement of Financial Positions Note Taking Guide

2.03 Statement of Financial Positions Note Taking Guide

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Used 53+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you increase net worth

Decrease assets

Increase assets

Increase liabilities

Increase assets and liabilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often is it recommended to create a Statement of Financial Position

Four times per year

Three times per year

Two time a year

Once per year

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a liability

Everything a person owns

assets that will generate money

what is owed to others

an individuals financial condition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of assets can be quickly converted into cash

monetary

tangible

investment

liable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of assets refers to property purchases to create a lifestyle or improve your life

monetary

tangible

investment

liable

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of assets are purchased with the hope they will generate income and appreciate in value

monetary

tangible

investment

liable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is net worth calculated

Assets + Liabilities

Assets + Net Worth

Assets - Liabilities

Net Worth - Liabilities

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