wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Review: Statement of Financial Position

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

Cash on hand is an example of a

a)

Monetary asset

b)

Tangible asset

c)

Investment asset

2.

A home mortgage balance is an example of

a)

Tangible asset

b)

Investment asset

c)

Liability

3.

Money owed to others is an example of

a)

Monetary asset

b)

Tangible asset

c)

Liability

4.

A retirement account is an example of a/an

a)

monetary asset

b)

investment asset

c)

liability

5.

Clothing is an example of a/an

a)

monetary asset

b)

tangible asset

c)

liability

6.

Money owed to others is an example of

a)

Monetary asset

b)

Tangible asset

c)

Liability

7.

A savings account is an example of a/an

a)

monetary asset

b)

tangible asset

c)

investment asset

8.

What is the true indicator of wealth?

a)

Income

b)

Net worth

c)

Tangible assets