BUSSHART - PRINCIPLES OF BUSINESS 6.00

Accountants use ______________ to help them .

• Hammers

• Calculators

• Toolbelts

An accountant helps prepare tax forms.

• True

• False

Which account is provided on an income statement?

• Income or Revenue

• Names of your favorite music artists.

• Address

What is Owner's Capital?

• An amount allocated to the owners.

• A car.

• The name of a tax form.

A credit card is an example of a liability.

• True

• False

Assets a company already owns and can use to finance a new venture are called:

• Equity

• Ratio

• Portions

When businesses invest funds to expand, they are involved in the process of:

• Setting goals

• Finance

• Foreclosure

__________is the process of obtaining funds and using them to achieve the goals of the business.

• Finance

• Revenue

• Retirement

When return on capital is _____________________ , the company is growing in value.

• Positive

• Gray

• Negative

• Red

Anything of value that a business owns is an:

• Expense

• Asset

• Oversight