Which financial statement shows the result of operations, indicating either a net income or net loss?

Understanding Financial Statements Quiz

Assessment
•
Sherwin T Natividad
•
Other
•
11th Grade
•
3 plays
•
Hard
Student preview

10 questions
Show all answers
1.
MULTIPLE CHOICE
30 sec • 1 pt
2.
MULTIPLE CHOICE
30 sec • 1 pt
What accounts are typically found on the Balance Sheet?
3.
MULTIPLE CHOICE
30 sec • 1 pt
Which statement provides information about the changes in the capital account over a specific accounting period?
4.
MULTIPLE CHOICE
30 sec • 1 pt
In the Statement of Cash Flows, which activities are categorized to show money inflow and outflow?
5.
MULTIPLE CHOICE
30 sec • 1 pt
Which account is not typically found on the Income Statement?
6.
MULTIPLE CHOICE
30 sec • 1 pt
What does the Balance Sheet primarily show about a business?
7.
MULTIPLE CHOICE
30 sec • 1 pt
Which of the following is an account you would find in the Statement of Changes in Owner’s Equity?
8.
MULTIPLE CHOICE
30 sec • 1 pt
What is the primary purpose of the Statement of Cash Flows?
9.
MULTIPLE CHOICE
30 sec • 1 pt
Which account is not typically found in the Statement of Changes in Owner’s Equity?
10.
MULTIPLE CHOICE
30 sec • 1 pt
What does the Income Statement primarily report?
Explore all questions with a free account
Similar Resources on Quizizz
12 questions
Accountic Basic NOCTI Sample Questions (Set 1)

•
9th Grade - University
10 questions
EASY

•
11th - 12th Grade
10 questions
QUIZ 2 FABM2121

•
11th Grade
10 questions
11ACC - what do you know?

•
11th Grade
9 questions
Financial statements

•
11th Grade
13 questions
Chapter 6 Work Sheet and Adjusting Entries - Terms

•
9th - 12th Grade
15 questions
QUIZ 4 : ACCOUNTING CYCLE

•
1st Grade - University
12 questions
Net Worth Statement Quiz

•
10th - 12th Grade
Popular Resources on Quizizz
17 questions
CAASPP Math Practice 3rd

•
3rd Grade
15 questions
Grade 3 Simulation Assessment 1

•
3rd Grade
20 questions
math review

•
4th Grade
19 questions
HCS Grade 5 Simulation Assessment_1 2425sy

•
5th Grade
16 questions
Grade 3 Simulation Assessment 2

•
3rd Grade
21 questions
6th Grade Math CAASPP Practice

•
6th Grade
13 questions
Cinco de mayo

•
6th - 8th Grade
20 questions
Reading Comprehension

•
5th Grade
Discover more resources for Other
20 questions
Types of Credit

•
9th - 12th Grade
20 questions
Taxes

•
9th - 12th Grade
20 questions
Managing Credit

•
9th - 12th Grade
20 questions
Investing

•
9th - 12th Grade
20 questions
Insurance

•
9th - 12th Grade
20 questions
Common Grammar Mistakes

•
7th - 12th Grade
20 questions
Paying for College

•
9th - 12th Grade
10 questions
Understanding Biological Evolution

•
9th - 12th Grade