Understanding Balance Sheets
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Easy
MIN KYUNG KIM
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80 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Balance Sheet shows:
The financial position of a company at a specific point in time.
The income and expenses over a period of time.
The cash inflows and outflows over a period of time.
The changes in equity over a period of time.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in an Income Statement?
Assets, Liabilities, and Equity
Revenue, Expenses, and Net Income
Cash Flows from Operating, Investing, and Financing Activities
Budgeted and Actual Figures
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of analyzing Ratios in financial statements?
To assess the financial health of a company
To calculate tax liabilities
To determine employee satisfaction
To forecast weather patterns
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information does a Cash Flow Statement provide?
Financial position of a company
Cash inflows and outflows
Profit and loss details
Shareholder equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A balance sheet tells you about:
The financial position of a company at a specific point in time
The income and expenses over a period of time
The cash flow activities of a company
The market share of a company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: Liabilities + Net Worth = ________.
Assets
Revenue
Expenses
Equity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered an asset?
Cash
Accounts Receivable
Furniture
All of the above
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