Income statement and Balance sheet

Income statement and Balance sheet

University

20 Qs

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Income statement and Balance sheet

Income statement and Balance sheet

Assessment

Quiz

English

University

Hard

Created by

Thao Bich

Used 109+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The accounting value of a company (assets minus liabilities)

Current

liabilities

Net assets

Current assets

patent

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal right to produce and sell newly invented product for certain period of time

Trade mark

Intangible assets

goodwill

patent

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legally protected symbol/ design used to identify product

Trade mark

patent

goodwill

reputation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money owed by customers who have brought good, but not yet paid for them

Debtor

Account payable

Creditor

Both b and C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that will be paid less than 12 months from the balance sheet date

Current assets

Noncurrent assets

Current

liabilities

Non current liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash, money owed by customers ; and inventory

Current assets

Noncurrent assets

Equity

Current liabilites

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a record of money that is owed to a company for past sales

Accounts payable

Accounts receivable

Debtor

Both B and C

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