Review - statements 1D

Review - statements 1D

University

10 Qs

quiz-placeholder

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Review - statements 1D

Review - statements 1D

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Zhivka Valkova Zapryanova

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This financial statement shows us the origin and usage of funds

Income Statement

Cashflow Statement

Balance Sheet

Shareholders´ equity statement

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Alternative name for an Income Statement

Profit & Loss Statement

Statement of outstanding balance

Profit Statement

L&A (losses & acquisitions) Statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Two key accounts on the Income Statement are:

cost of goods sold;

buildings

revenue; debt

operating expenses; cash

cost of sales; revenue

4.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

These can represent sources of income, except:

$ from interest

$ from regular sales

$ from a bank loan

$ from dividends

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

The following: gas, electricity, telephone bill, Internet are examples of:

operating expenses

financial expenses

future expenses

extraordinary expenses

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

The shareholders are considered an _________ user of financial information.

external

independent

irrelevant

internal

7.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

The basic financial statements are:___

3

5

4

2

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