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University

10 Qs

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Pretest - Post test

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Assessment

Quiz

Others

University

Hard

Created by

Salsabilah Nurfitrah

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which financial statement will allow you to determine the gross margin for a retailer or manufacturer?

a. Statement of Financial position

b. Income statement

c. Statement of cash flows

d. Statement of stockholders’ equity

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which financial statement's structure is closest to that of the basic accounting equation?

a. Statement of Financial position

b. Income statement

c. Statement of cash flows

d. Statement of stockholders’ equity

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount spent for capital expenditures will be reported in which section of the statement of cash flows?

a. Cash provided/used in financing activities

b. Cash provided/used in investing activities

c. Cash provided/used in operating activities

d. Supplemental information

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Does the heading of a balance sheet indicate a period of time or a point in time?

a. Period of time

b. Point in time

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which accounting method will result in financial statements that report a more complete picture of a corporation’s financial position and a better measure of profitability during a recent accounting year?

a. Accrual method

b. Cash method

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The changes that occurred during a recent year in the accounts Retained Earnings and Treasury Stock will be presented in which financial statement?

a. Statement of Financial position

b. Income statement

c. Statement of cash flows

d. Statement of stockholders’ equity

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

_____________ financial reports of a business that summarize the financial condition and operations of the business.

a. Statement of Financial position

b. Income statement

c. Statement of cash flows

d. Statement of stockholders’ equity

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