4.00 quiz

An individual who has had specialized training in accounting procedures

• Accountant
• Accounting
• Accounting cycle
• Accounting standards

The process of keeping financial records

• Accounting
• Accounting cycle
• Accounting standards
• Acquisition of funds

A process or series of steps that businesses complete to maintain their financial records effectively

• Accounting cycle
• Accounting standards
• Acquisition of funds
• Administration of assets

A financial statement that captures the financial condition of the business at that particular moment

• Balance sheet
• Capital investment decisions
• Cash flow statement
• Dividends

Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders

• Capital investment decisions
• Cash flow statement
• Dividends
• Expenses

A financial summary with estimates as to when, where, and how much money will flow into and out of a business

• Cash flow statement
• Dividends
• Expenses
• Finance

In business, the function that involves all money and money management matters

• Finance
• Financial statement
• Income
• Income statement

A summary of accounting information

• Financial statement
• Income
• Income statement
• Liabilities

Money received by a business or an individual from outside sources

• Income
• Income statement
• Liabilities
• Net worth

The total value of the business

• Net worth
• Owner’s equity
• Accountant
• Accounting