ABM CUP

ABM CUP

University

25 Qs

quiz-placeholder

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ABM CUP

ABM CUP

Assessment

Quiz

Mathematics

University

Hard

Created by

Angelica Bana

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 1: EBITDA means
A. Earnings Before Income Taxes, Depreciation and Amortization
B. Earnings Before Interest, Taxes, Doubtful Accounts
C. Earnings Before Interest, Taxes, Depreciation and Amortization
D. Earnings Before Income Taxes, Doubtful Accounts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 2: ______ is a branch of accounting that is usually done internally and externally. It includes examining and monitoring a business for accurate reporting, compliance with tax laws and regulations, and financial integrity.
A. Financial Accounting
B. Auditing
C. Cost Accounting
D. Managerial Accounting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 3: This measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately.
A. Acid Test Ratio
B. Quick Ratio
C. Current Ratio
D. Both A and B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 4: The PCG Department reported P18,000 of net income for 2019, 24,000 for 2020 and 26,000 for 2021. The percentage change in net income from 2020 to 2021 was:
A. 7.27%
B. 8.27%
C. 7.33%
D. 8.33%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 5: Gross profit of Grant Thornton amounted to Php 175,000. Beginning Inventory totaled Php 250,000. Ending Inventory amounted to Php 50,000 while Net Cost of Purchases totaled Php 85,000. Compute for Grant Thornton’s Net Sales.
A. P460,000
B. P455,000
C. P385,000
D. P425,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 6: The effect of receiving cash by payment of accounts receivables of the customer.
A. Increase in asset, decrease in liability
B. Decrease in asset, decrease in liability
C. Increase in asset, increase in revenue
D. No effect

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EASY 7: Finance and Accounting Company collected P24,700 in interest during 2023. Finance and Accounting showed P10,600 in interest receivable on its December 31, 2023 balance sheet and P14,300 on December 31,2022. How much is the interest revenue reported in Finance and Accounting’s income statement for 2023?
A. P21,000
B. P49,600
C. P24,900
D. P35,300

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