WorksheetsReview: 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
100 %
