Financial Documents

The tangible items a company owns, such as products and buildings, are known as which of the following?

• Debts

• Expenses

• Equity

• Assets

Kevin when on a business trip and spent some of his own money to pay for gas. His company has agreed to pay him back. What is the repayment called?

• Revenue

• Reimbursement

• Liquidity

• Budget

Which of the following is the Latin phrase for "per day"?

• Per se

• El cetera

• Per diem

• De Facto

Which of the following provides a snapshot of the company's finances at a given time?

• Asset ratio

• Financial Ratio

• Expense

• Balance Sheet

When revenue <expenses it is referred to as _______ _________.

___________ _____ must be compared "apples to apples."

A plan for financial activity which encompasses all of the resources needed to run a business is known as which of the following?

• Cost of living

• operating budget

• financial ratio

• Balance sheet

Liability is how fast you can convert your assets in

Which of the following is NOT one of the three main activities represented on a cash-flow statement?

• marketing activity

• Operating activity

• Investing activity

• Financing

Which of the following regulates the content of financial statements and the financial Markets

• Federal trade commission

• Internal revenue service

• Securities and Exchange Commission

• Federal financial Institutions Council