Income statement and Balance sheet
Quiz
•
English
•
University
•
Hard
+9
Standards-aligned
Thao Bich
Used 109+ times
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20 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The accounting value of a company (assets minus liabilities)
Current
liabilities
Net assets
Current assets
patent
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal right to produce and sell newly invented product for certain period of time
Trade mark
Intangible assets
goodwill
patent
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legally protected symbol/ design used to identify product
Trade mark
patent
goodwill
reputation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money owed by customers who have brought good, but not yet paid for them
Debtor
Account payable
Creditor
Both b and C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that will be paid less than 12 months from the balance sheet date
Current assets
Noncurrent assets
Current
liabilities
Non current liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash, money owed by customers ; and inventory
Current assets
Noncurrent assets
Equity
Current liabilites
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a record of money that is owed to a company for past sales
Accounts payable
Accounts receivable
Debtor
Both B and C
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