
Using Financial Information and Accounting

Quiz
•
Business
•
University
•
Hard
Connor Hull
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
short-term claims that are due within a year of the date of the balance.
current liabilities
current assets
assets
liabilities
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The private organization that is responsible for establishing financial accounting standards in the United States
GAAP
FASB
IASB
IFRS
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the amount obtained by subtracting all of a firm's expenses from its revenues, when the revenues are more than the expenses
Net Income
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Discount on Notes Payable is a liability account.
True
False
5.
DROPDOWN QUESTION
1 min • 1 pt
When a customer purchases a product and owes the company money, what is that called? (a)
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Accounting is the process of collecting, recording, classifying, summarizing, reporting, and analyzing financial activities.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the accounting equation?
Assets = Liabilities - Owners' Equity
Revenue = Assets + Owners' Equity
Owners Equity = Liabilities + Assets
Assets = Liabilities + Owners' Equity
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Basic Finance

Quiz
•
University
15 questions
Assets, Liabilities & Equity

Quiz
•
University
10 questions
CONCEPTUAL FRAMEWORK

Quiz
•
University
10 questions
BUSA 1010 S2 - Accounting

Quiz
•
University
10 questions
FINANCIAL MANAGEMENT QUIZ 1

Quiz
•
University
10 questions
Grand Quiz B

Quiz
•
University
11 questions
Accounting and Financial Statements Quiz

Quiz
•
University
15 questions
An Accounting Department

Quiz
•
University
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz

Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions

Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams

Quiz
•
12th Grade
15 questions
Compare and Order Decimals

Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions

Quiz
•
6th Grade
20 questions
Multiplication facts 1-12

Quiz
•
2nd - 3rd Grade