
LIGS
Authored by Katerina undefined
Professional Development
University
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following items we call assets
car, bank loan, cash
payables, house, machinery
inventory, receivables, cash
inventory, shareholders equity, cash
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equity is not
profit
loss
share capital
machinery
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets can be financed by
banks
owners
profits
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets are equal to liabilities and equity
always
at the year end
sometimes
never
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit is the difference between
assets and liabilities
assets and equity
revenues and expenses
revenues and equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The only financial statement, which is a "snapshot" is
income statement
cash flow statement
statement of changes in equity
balance sheet
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash flow statement consists of these parts
operating and non operating
operating, investing and financing
assets , liabilities and equity
revenues and expenses
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