Week 2 Balance Sheet
Authored by Samique Haynes
Financial Education
University
Used 2+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A balance sheet has four sections: 1)heading 2)assets 3) liabilities and 4)
credits
debits
owner's equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a balance sheet, if total assets are $15,000 and Total Liabilities are $10,000. Owner's Equity will equal:
5,000
25,000
7,500I
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Payable is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Receivable is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A building is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mortgage is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business' inventory is a:
Current Asset
Current Liability
Non Current Asset
Non Current Liability
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