Unit 5 - Accounting!
Quiz
•
Education, Business
•
9th - 12th Grade
•
Hard
Richard Jr.
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is unique about an Initial Public Offering (IPO)?
The company now has to hire an auditor
It is the first time that a company is selling stock to the public
The company moves from being a proprietorship to a corporation
The government now can regulate the company
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The IPO that we reviewed in class was for....
Porsche
Rivian
Ernst and Young
Volkswagen
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items would be classified as a liability on the balance sheet
accounts receivable
wages payable
inventory
vehicles
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which financial statement shows a company's financial condition for a specified date?
income statement
statement of cash flow projections
balance sheet
journal of sales
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In setting goals for budgeting, what does the "M" in SMART goals mean?
Measurable
Meaningful
Memorable
Magnificent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expenses that can change month over month are known as:
fixed expenses
recurring expenses
operating expenses
variable expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company fabricated sales of more than $300 million in order to make their company look more profitable than it was?
Wirecard
Luckin Coffee
Ernst and Young
Muddy Waters
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