Financial Statement
Professional Development
•38 Qs
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Financial Statement
Quiz
•
Business
•
Professional Development
•
Practice Problem
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Medium
Kak Didi
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38 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What category does 'Accounts receivable' belong to?
Expense
Asset
Liability
Revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'Cash and cash equivalents' fall under which category?
Revenue
Liability
Asset
Stockholders' equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the category for 'Net sales'?
Asset
Revenue
Expense
Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'Taxes payable' is classified under which category?
Liability
Expense
Asset
Stockholders' equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where does 'Retained earnings' belong?
Expense
Liability
Stockholders' equity
Revenue
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct category for 'Cost of products sold'?
Revenue
Expense
Asset
Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'Selling, general, and administrative expense' falls under which category?
Asset
Liability
Expense
Revenue
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