FABM 2 WEEK 2
Authored by Ernesto Jr.
Business
1st - 3rd Grade
Used 20+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
1. Select the most appropriate description of the statement of comprehensive income’s key features.
a. A statement of comprehensive income is like a picture that depicts a static image of an entity.
b. A statement of comprehensive income is like a moving video that depicts a moving scene of an entity.
c. A statement of comprehensive income contains assets, liabilities, and equity.
d. A statement of comprehensive income is dated ‘’As of December 31, 2016.”
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
2. Which is an appropriate date for a statement of comprehensive income?
a. “As of December 31, 2015’’
b. “For the period ended December 31, 2015”
c. Either a or b
d. Neither a nor b
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Which of the following is an element of a statement of comprehensive income?
a. Cash
b. Receivable
c. Revenues
d. Interest Receivables
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Which of the following is an element of a statement of comprehensive income?
a. cash equivalents
b. Capital
c. Drawing
d. Professional fees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Which of the following is an element of a statement of comprehensive income?
a. Note Payable
b. Note Receivable
c. Interest Receivable
d. Interest Expense
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