Income Statements and Balance Sheet
Quiz by Daniel Mulder
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
5 questions
Show answers
- Q1What is an Income Statement?A statement that shows what the company is worthA statement that helps to understand what assets areA statement that shows moneyA financial statement that shows if the company is making or losing money45s
- Q2What equation is used to calculate Net Income?Assets - LiabilitiesLiabilities - AssetsRevenue - ExpensesExpenses - Revenue45s
- Q3What does a Balance Sheet show?A statement that shows how much money the company is losingA statement that shows how much money the company hasA statement that shows assets, liabilities, and equity of a companyA statement that shows what the company makes.45s
- Q4What equation is used to check if our Balance Sheet is balanced?Assets = LiabilitiesOwner's Equity = AssetsAssets = Liabilities + Owner's EquityLiabilities = Owner's Equity + Assets45s
- Q5What does a Balance Sheet show to the management of a company?How much debt the company hasHow much money the company hasHow much the company will make for a monthHow much the company is worth45s