
Financial Terms Quiz
Quiz
•
English
•
12th Grade
•
Hard
ANGELA ROZO
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the balance sheet equation?
Assets = Liabilities + Equity
Assets + Liabilities = Equity
Equity = Assets - Liabilities
Liabilities = Assets + Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is liquidity?
The principle of how quickly an asset can be converted into cash
The total amount of cash a company has
The value of all assets owned by a company
The amount of debt a company has
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GAAP stand for?
Generally Accepted Accounting Principles
General Accounting and Auditing Procedures
Government Accounting and Auditing Practices
General Accepted Accounting Policies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are capital gains?
The increase in value of an asset above what you paid for it
The total income generated from an investment
The amount of money paid in taxes on an asset
The total expenses incurred in selling an asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is equity?
The amount of money someone has in a stock or asset after subtracting debts
The total value of all assets owned by a company
The amount of cash a company has on hand
The total liabilities of a company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Earnings Per Share (EPS)?
The net income minus dividends divided by the number of shares
The total revenue of a company divided by the number of shares
The total profit of a company divided by its expenses
The total assets of a company divided by its liabilities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is net worth?
The value of everything you own minus what you owe
The total income of a company over a period
The total expenses of a company over a period
The total assets of a company
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