
B215 Lesson 5 Preclass Microlearning Quizizz
Authored by SY Yeo
Other
12th Grade
Used 2+ times

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5 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Inventory is reported as a _______ asset on a company's 'Statement of Financial Position'.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Cost of goods sold is classified as an _______ and it is reported in the 'Statement of Comprehensive
Income'.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ____ System updates inventory IMMEDIATELY when goods are sold or purchased.
Periodic
Perpetual
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ___ System updates inventory and cost of goods sold only AT THE END OF A PERIOD.
Periodic
Perpetual
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A company has total sales revenue of $15,000 and the cost of goods sold is $9,000. Calculate the gross profit.
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