Search Header Logo

BM21 SP Final 1-25

Authored by Dusty Baumann

Business

10th - 12th Grade

Used 4+ times

BM21 SP Final 1-25
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -The main purpose of financial records is to

answer to IRS

stay organized

start a business

determine profitability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -What kind of financial record shows what each customer purchases on credit and owes the business?

cash receipts

accounts receivable

accounts payable

owner's equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -What is the key term that describes a written financial plan created for a specific time that can prevent overspending and be used to plan needed income?

income statement

business plan

budget

partnership agreement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -What do we call a statement of financial position that report's assets, liabilities and owners equity (capital)?

income statement

business plan

budget

balance sheet

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -What do we call a profit and loss statement that reports information about a company's revenues and expenses for a specific period?

income statement

business plan

budget

balance sheet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

15 -An asset is something of value that we ______; a liability is a debt and something we _______.

need; want

supply; demand

own; owe

buy; sell

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

15 -Use the attached image to tell me what the amount of Total Current Assets is

$171,900

$149,950

$73,900

$21,950

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?