Units 1 and 2 REVIEW
Authored by Jaime Irujo
Business
University
Used 4+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is not a real cash expense?
Worker's salaries
Raw materials
Research and development
Depreciation and amortization
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts payable are...
Current Liabilities
Current Assets
Long-term Assets
Long-term Liabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a deduction for long-term assets?
Accounts Receivable
Taxes Payable
Accounts Payable
Depreciation and Amortization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial statement shows what the company owns and owes at a particular point in time?
Balance sheet
Income Statement
Cash Flow Statement
None of them
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A patent that a company owns would be listed as...
Current Asset
Current Liability
Long Term Asset
Long Term Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the value of an asset suffers a great and sudden loss in value, that asset is subject to impairment.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amortization is for tangible assets.
True
False
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
