Quiz KETE Chap 1

Quiz
•
English, Professional Development, Social Studies
•
University
•
Medium
FTU Thao
Used 9+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Aiden is considering starting a proprietorship. What does it mean for a business to be a proprietorship?
owned by one person.
owned by two or more persons
organized as a separate legal entity under state corporation law
owned by a governmental agency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If total liabilities decreased by ¥45,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period?
¥55,000 increase
¥35,000 decrease
¥35,000 increase
¥45,000 decrease
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During July, its first period of operations, Aju Inc. sold ordinary shares for W1,440,000,000, earned net income of W195,000,000, and paid dividends of W40,500,000. Retained earnings at the end of July is?
W1,635,000,000
W1,594,500,000
W1,399,500,000
W154,500,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would not be considered an external user of accounting data for the GHI Company?
Taxing authority representative
Management
Creditors.
Customers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the financial statements are for a period of time except the
income statement
retained earnings statement
statement of financial position
statement of cash flows
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hyundai Inc. purchased land for W118,000,000 in 2005. At December 31, 2014, an appraisal determined the fair value of the land is W136,000,0000. If Hyundai follows the cost principle, the land will be reported on the statement of financial position at
W100,000,000.
W118,000,000
W136,000,000
W154,000,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sources of increases to equity are
issuance of shares
purchases of merchandise
dividends
expenses
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Mastering Percent Increase and Decrease Problems

Quiz
•
7th Grade - University
10 questions
Real-World Percentage Changes: A Grade 6 Challenge

Quiz
•
6th Grade - University
10 questions
Real-Life Percent Problems: Understand and Apply Math Skills

Quiz
•
6th Grade - University
10 questions
Fun with Percentages: Increase, Decrease, and Real Life!

Quiz
•
5th Grade - University
10 questions
Understanding Percent Change and Real-World Applications

Quiz
•
6th Grade - University
10 questions
Finding Percent Increases and Discounts: Grade 6 Quiz

Quiz
•
6th Grade - University
15 questions
TOEIC

Quiz
•
University - Professi...
15 questions
PENGANTAR AKUNTANSI – RECORDING PROCESS

Quiz
•
University
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade