
MEF Accounting
Quiz
•
Social Studies
•
University
•
Practice Problem
•
Medium
Cj Buckley
Used 2+ times
FREE Resource
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2019 and $100
2021 and $150
2020 and $150
2021 and $100
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taxes on the IS are shown below "the line"
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Operating Income, Revenue, Net Income
Net Income, EBIT, Revenue
Revenue, Operating Income, Net Income
Sales, Taxses, Operating Income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets = Liabilities
Assets = Liabilities + Shareholders Equity
Shareholders Equity = Liabilities + Assets
Liabilities = Assets + Shareholders Equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Recievable
Deferred Revenue
Revenue
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pick the option that includes only assets
cash, office building, accounts receivable, revenue
Inventory, accounts receivables, PPE, deferred revenue
Prepaid expenses, inventory, retained earnings, treasury stock
Inventory, intangibles, prepaid expenses, goodwill
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$10Mn in depreciation expense and cash goes up by $10Mn
$10Mn in depreciation expense and cash goes down by $10
$50Mn in depreciation expense and cash goes down by $10Mn
$10Mn in depreciation expense and cash goes up by $50Mn
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