
Week 5
Quiz
•
Other
•
Professional Development
•
Practice Problem
•
Hard
Nicole Chuchmach
Used 2+ times
FREE Resource
Enhance your content in a minute
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Depreciation is a method of allocating the cost of a long lived asset to an expense over the life of the asset.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Straight-line depreciation allocates the cost of a long-lived asset in equal units of time over the life of the asset.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The debit side of a ledger account is always the left column. It is used to post debit values of a transaction.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sales revenue account is debit balanced.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A five-year depreciable asset cost $10,000 and had a residual value of $1,000. What is the balance of its accumulated depreciation account at the end of two years using straight-line depreciation?
$6,000
$4,000
$5,400
$3,600
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The inflow of assets as a result of business operations occurs from the sale of goods and services
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The outflow of assets as a result of business operations are called:
Sales Revenue
Expenses
Ownership Equity
Receivables
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Talle de Protección Civil
Quiz
•
Professional Development
10 questions
SEMANA 3
Quiz
•
Professional Development
10 questions
ความรู้ทั่วไปเกี่ยวกับจีน - ธุรกิจ
Quiz
•
Professional Development
12 questions
IHG One Rewards - 2022
Quiz
•
Professional Development
11 questions
Errores de Medicación
Quiz
•
Professional Development
10 questions
Basic Fire
Quiz
•
Professional Development
10 questions
Diretores
Quiz
•
Professional Development
10 questions
LA GUERRA DE LAS GALAXIAS
Quiz
•
Professional Development
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Other
20 questions
Black History Month Trivia Game #1
Quiz
•
Professional Development
100 questions
Screening Test Customer Service
Quiz
•
Professional Development
20 questions
90s Cartoons
Quiz
•
Professional Development
10 questions
Reading a ruler in Inches
Quiz
•
4th Grade - Professio...
16 questions
Parallel, Perpendicular, and Intersecting Lines
Quiz
•
KG - Professional Dev...
12 questions
Valentines Day Trivia
Quiz
•
Professional Development
