assets and liabilities quiz

What are fixed assets?

• Long-term resources owned by the company

• Sales revenue from products

• Short-term financial obligations

• Operating costs of the company

What are examples of short-term liabilities?

• Inventory, property, equipment

• Accounts payable, short-term loans, accrued expenses

• Revenue, equity, assets

What is equity capital?

• Share capital

• Borrowed capital

• Reserve capital

• The total amount of money that the owner of the company contributes to the company or leaves in it from profits.

Assets are divided into:

• Fixed assets and current assets

• Own assets and foreign assets

• Long-term and short-term assets

for a production company, bank loans are:

• Liabilities

• Assets

• Debts

• Equity

Computer software belongs to:

• Fixed assets

• Current assets

• Intangible assets

• Liabilities

Which of these is intangible asset?

• trademark

• license

• acquired brand value

• all answers are correct

Is living inventory an intangible and legal value?

• YES

• NO

If a bank grants a loan, does its value constitute the assets or liabilities of the bank?

• Assets

• Liabilities

The bank accepts a deposit from company Z. Does it increase the bank's assets or liabilities?

• Assets

• Liabilities