Financial Statement

Companies are required to give their ... certain financial information

• Dividend

• Liabilities

• Financial

• shareholders

Part of the profit is paid to the government in taxation, part is usually distributed to the shareholders as ...

• Dividend

• Shareholders

• net assets

• liabilities

All money that the company will have to pay to someone else, such as taxes, debts, interests, and mortgage is known as ...

• net assets

• property

• liabilities

• repayment

Assets are what you own; liabilities are what you owe.

• TRUE

• FALSE

The two side of a funds flow statements show trading profits and losses.

• TRUE

• FALSE

Limited companies cannot make a loss because assets are always equal to shareholder's equity.

• TRUE

• FALSE

Limited companies cannot make a loss because assets are always equal to shareholder's equity.

• TRUE

• FALSE