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Statement of financial position
9th - 12th Grade
•23 Qs
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Statement of financial position
Quiz
•
Other
•
9th - 12th Grade
•
Medium
Nicholas Harris
Used 15+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Gross Income
Net Income
Salary
Wealth
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The measure of financial wealth
Net Worth
Wealth
Gross income
monetary value
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to others
Wealth
Net Worth
Loans
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Depends on how a person manages their income
Income
Wages
Salary
Net Worth
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Money received such as wages earned from working for pay
Income
Net Worth
Sales
Taxes
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A financial state that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worth
Statement of financial position
business plan
Medicare
SSI
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
everything a person owns with monetary value
Liabilities
asset
net worth
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