Financial statement

Fill in the blank: The ____ provides details regarding cash flow in a given period.

True or false: Shareholders' equity equals total assets minus total liabilities.

• True

• False

Multiple choice: Which of the following elements is NOT part of the shareholders' equity?

• Retained earnings

• Common stock

• General expenses

• Additional paid-in capital

Matching: Match the term to the description:

Multiple choice: Which of these elements will you find in an audit report?

• Sales forecast for the next year

• Auditor's opinion on reliability

• Marketing strategy

• Employee satisfaction survey

Multiple choice: A document showing the company's position on a specific day is called _____.

• Cash flow statement

• Balance sheet

• Income statement

• Audit report

True or false: Trade receivables are the money that a company owes to its suppliers.

• True

• False

Multiple choice: Which term describes costs such as rent and insurance?

• Assets

• Overhead costs

• Liabilities

• Capital

Fill in the blank: The report _____ contains the auditor's opinion.

True or false: External audit is part of internal control.

• True

• False