Financial Statements
Authored by Eric Bostrand
Business
12th Grade
Used 80+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"For Month Ended" is used on a heading when...
Always
Never
The statement is a summary report
The statement is temporary
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A = L + OE is proven on the...
Income Statement
Balance Sheet
Cash Flow Statement
Sales Journal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenues - Expenses = ?
Net Income or Net Loss
Owner's Equity
Total Revenue
Gross Profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Beginning Capital - Drawing + Net Income = ?
Net Income
New Capital
Net Earnings
Total Assets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net Income / Total Revenues = ?
Sales Ratio
Debt Ratio
Net Income Ratio
Current Ratio
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The date of this financial statement DOES NOT include
"For Month Ended"
Income Statement
Balance Sheet
Cash Flow Statement
Worksheet
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All Revenues
Income Statement
Balance Sheet
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