BE Unit 4 4.01
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Cheryl Albright
Used 19+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The accounting document that shows a business’s revenue and expenses is a/an:
balance sheet
income statement
cash flow statement
statement of owners equity
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kathy wants to know whether her boutique made or lost money this month. The financial document she should view is her:
balance statement
income statement
cash flow statement
statement of owners equity
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Isabelle owns a home cleaning business. She invoices her customer and records the transaction as soon as she finishes each home cleaning. Which type of accounting method is Isabelle using?
accrual
cash
cost
managerial
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The finance activity regarding how to source income is called:
accounting
acquiring funds
administering assets
making capital investment decisions
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The Happy Toys Company Board of Directors has decided to give some of its profits from the year to its shareholders. It has decided to pay a:
bribe
dividend
liability
tax
6.
MULTIPLE SELECT QUESTION
5 mins • 1 pt
Cash is an example of:
assets
expenses
equity
liabilities
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which represents the inflow of funds into a business?
cash
debt
expenses
liabilities
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