
REVIEW 2 Quiz
Authored by Nguyen Ngoc
English
University
Used 2+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets , for example, buildings, machines are intangible assets.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The two sides of a balance sheet always have the different total.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounting equation can be rewritten as Assets – Liabilities = Net Assets.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Company profit is usually divided into three ways: into dividends, production cost and earnings.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a balance sheet show?
The company’s assets, liabilities, and capital.
The company’s revenues and expenses.
The company’s directors and staff
The company’s employers and employees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets that a company needs in order to operate its business over a long period of time are called _________.
current assets
intangible assets
tangible assets
long-term assets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best explains the term ‘non-current asset’ ?
Common shares
Account receivable
Inventories
Machines
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