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Week 2 Balance Sheet

Authored by Samique Haynes

Financial Education

University

Used 2+ times

Week 2 Balance Sheet
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21 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A balance sheet has four sections:  1)heading 2)assets 3) liabilities and 4)

credits
debits
owner's equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a balance sheet, if total assets are $15,000 and Total Liabilities are $10,000.  Owner's Equity will equal:

5,000
25,000
7,500I

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Payable is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Receivable is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A building is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mortgage is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business' inventory is a:

Current Asset
Current Liability
Non Current Asset
Non Current Liability

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