
Financial Statements Quiz
Quiz
•
Financial Education
•
9th Grade
•
Practice Problem
•
Hard
Bassant Elassal
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the income statement summarize?
A company's assets and liabilities
A company's revenues, expenses, and profits (or losses)
A company's cash inflows and outflows
A company's inventory and sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which component of the income statement represents the profit generated from core business activities?
Net Profit
Gross Profit
Operating Expenses
Revenue
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is deducted from revenue to calculate Gross Profit?
Operating Expenses
Taxes
Cost of Goods Sold (COGS)
Interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the bottom line of the income statement?
Revenue
Gross Profit
Net Profit
Operating Expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are assets expected to be converted into cash within one year called?
Current Assets
Non-Current Assets
Fixed Assets
Intangible Assets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of liabilities are due within one year?
Current Liabilities
Non-Current Liabilities
Fixed Liabilities
Variable Liabilities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a current asset?
Inventory
Patents
Real Estate
Equipment
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
VITA Volunteer Standards of Conduct Quiz
Quiz
•
9th - 12th Grade
12 questions
PF Unit 5 Review Lessons 1,4,6, & 7
Quiz
•
9th - 12th Grade
10 questions
Personal Financial Planning - Final Assessment
Quiz
•
9th Grade - University
10 questions
Banking Concepts Quiz
Quiz
•
9th Grade
10 questions
How Ignoring This Advice Cost Me $1 Billion in My 30s
Quiz
•
9th - 12th Grade
20 questions
What Is A Stock?
Quiz
•
9th Grade - University
11 questions
NGPF: Types of Credit_Vocabulary
Quiz
•
9th - 12th Grade
12 questions
Understanding Credit Score
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Financial Education
20 questions
El Verbo IR Practice
Quiz
•
9th Grade
10 questions
Understanding Meiosis
Interactive video
•
6th - 10th Grade
20 questions
Graphing Inequalities on a Number Line
Quiz
•
6th - 9th Grade
15 questions
Making Inferences
Quiz
•
7th - 12th Grade
15 questions
Main Idea and Supporting Details.
Quiz
•
4th - 11th Grade
18 questions
SAT Prep: Ratios, Proportions, & Percents
Quiz
•
9th - 10th Grade
12 questions
Exponential Growth and Decay
Quiz
•
9th Grade
12 questions
Add and Subtract Polynomials
Quiz
•
9th - 12th Grade
