
CHAPTER 2: Financial Statements
Authored by ruzanifah kosnin
Business
University
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are Financial Statements for business?
Trial Balance Account
Ledger
Income Statement
Balance Sheet
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following included in Income Statement?
Sales
Assets
Taxes
Rental cost
Liability
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following included in the Balance Sheet?
Sales
Assets
Taxes
Rental cost
Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The income statement consists of Operating Activities, Financing Activities, and Investment activities.
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Operating Activities in the Income Statement consist of the following:
revenue
cost of good sold
operating expenses
interest expense
income taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Operating Income is also known as
EBT
EAT
EBIT
Revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following does not belong to current asset
marketable securities
machine and equipment
inventory
prepaid expenses
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