Owner's Equity and Liabilities Quiz
Authored by Rara Yaya
Other
9th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets = $5,000, Liabilities = $2,000. What is Owner's Equity?
$4,000
$3,000
$2,500
$7,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets = $8,500, Owner's Equity = $4,000. What is Liabilities?
$5,500
$3,000
$4,500
$6,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities = $1,200, Owner's Equity = $3,800. What is Assets?
$5,000
$4,200
$6,000
$7,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets = $6,000, Liabilities = ?, Owner's Equity = $2,500.
$3,500
$2,500
$4,000
$3,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities = $2,750, Owner's Equity = ?, Assets = $7,000.
$4,250
$5,000
$3,500
$4,500
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets = ?, Liabilities = $5,600, Owner's Equity = $3,400.
$9,000
$8,000
$10,000
$7,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business has $12,000 in assets and $7,000 in liabilities. How much is the owner's equity?
$5,000
$4,000
$7,500
$6,000
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