
Assets and Liabilities

Quiz
•
Mathematics
•
6th - 7th Grade
•
Medium
+6
Standards-aligned
Jesus Vazquez Gonzalez
Used 8+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Property owned by an individual
Liability
Asset
Property
Net Worth
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The value of all assets minus the value of all liabilities.
Financial obligations
Assets
Net Worth
Property
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.1
CCSS.7.NS.A.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Debts and financial obligations (responsibilities).
Liabilities
Assets
Negative Net Worth
Property
Tags
CCSS.7.NS.A.1B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Positive Net Worth is defined as:
assets are less that liabilities
liabilities are greater than assets
assets are equal to liabilities
assets are greater than liabilities
Tags
CCSS.7.NS.A.1B
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Negative Net Worth is defined as:
Assets and liabilities are the same amount
Assets are less that liabilities
Liabilities are less that assets
Assets are greater than liabilities
Tags
CCSS.6.NS.C.7C
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Examples of assets include:
Real Property, Car, and credit cards
Car, Jewelry, and Checking account
Art collection, Jewelry, and unpaid taxes
Real Property, Car loan, Jewelry
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Net Worth if equal to:
Liabilities added to assets
Assets minus liabilities
Assets added to liabilities
Tags
CCSS.6.NS.C.7C
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