Financial Statement

Financial Statement

9th - 12th Grade

14 Qs

quiz-placeholder

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Financial Statement

Financial Statement

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Carissa Hurst

Used 3+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of this financial statement is to demonstrate a company's financial position and its solvency (ex. it's ability to meet long-term financial obligations)

Income Statement

Balance Sheet

Cash Flow Statement

Owner's Equity Statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of this financial statement is to show how profitable a company is.

Income Statement

Balance Sheet

Cash Flow Statement

Owner's Equity Statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of this financial statement is to display cash inflows and outflows from activities such as operating, investing and financing.

Income Statement

Balance Sheet

Cash Flow Statement

Owner's Equity Statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of this financial statement is to explain changes in capital and retained earnings.

Income Statement

Balance Sheet

Cash Flow Statement

Owner's Equity Statement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash flows for the current and future development of the company such as purchasing equipment.

Financing Activities

Operating Activities

Investing Activities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash flows from shareholders' contributions and distributions and bank loans.

Financing Activities

Operating Activities

Investing Activities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash flows from day to day operations such as selling goods to customers and paying wages to employees.

Financing Activities

Operating Activities

Investing Activities

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