Assets and Liabilities

Assets and Liabilities

6th - 7th Grade

16 Qs

quiz-placeholder

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Assets and Liabilities

Assets and Liabilities

Assessment

Quiz

Mathematics

6th - 7th Grade

Medium

CCSS
7.EE.B.3, 7.NS.A.1B, 7.RP.A.3

+11

Standards-aligned

Created by

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.RP.A.3

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.EE.A.2

CCSS.6.EE.A.3

CCSS.6.EE.A.4

CCSS.6.EE.B.6

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