Quiz_Financial Statements
Quiz by Sherwin Salas
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
15 questions
Show answers
- Q1Which of the following is not a basic financial statements?Statement of Financial PositionNotes to Financial StatementsStatement of Cost of SalesStatement of Comprehensive Income30s
- Q2What is the classification of "cash and cash equivalents"?Current AssetsOwner's equityCurrent LiabilitiesNoncurrent assets30s
- Q3What is the classification of "accounts receivable"?Current liabilitiesNon-current assetsCurrent assetsNon-current liabilities30s
- Q4What is the classification of "income tax"?AssetsSales/RevenueExpensesLiabilities30s
- Q5What is the classification of "allowance for doubtful accounts"?Non-current assetsCurrent liabilitiesCurrent assetsNon-current liabilities30s
- Q6What is the classification of "merchandise inventory"?Non-current assetsCurrent assetsNon-current liabilitiesCurrent liabilities30s
- Q7What is the classification of "prepaid expenses"?LiabilitiesExpensesSales/RevenueAssets30s
- Q8What is the classification of "accrued expenses"?Sales/RevenueExpensesAssetsLiabilities30s
- Q9What is the classification of "unearned revenue"?AssetsExpensesSales/RevenueLiabilities30s
- Q10What is the classification of "advances from customers"?Sales/RevenueAssetsLiabilitiesExpenses30s
- Q11What is the classification of "advances to suppliers"?ExpensesLiabilitiesSales/RevenueAssets30s
- Q12What is the classification of "accumulated depreciation"?Sales/RevenueExpensesLiabilitiesAssets30s
- Q13What is the classification of "depreciation"?AssetsExpensesLiabilitiesSales/Revenue30s
- Q14What is the classification of "bad debts or doubtful accounts"?LiabilitiesExpensesAssetsSales/Revenue30s
- Q15What is the classification of "investments held for trading"?Current liabilitiesNon-current liabilitiesNon-current assetsCurrent assets30s