برچسب: Quiz

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Stockholders’ Equity Quiz

Stockholders’ Equity Quiz ۱٫To start a corporation in the U.S., it is necessary to file an application in one of the states. The legal document that the state approves is the __________ . ۲٫One...

Payroll Accounting Quiz

Payroll Accounting Quiz ۱٫The combination of the Social Security tax and the Medicare tax is referred to by the acronym __________ . ۲٫The 2015 rate for the Social Security tax (excluding the Medicare tax)...

Nonprofit Accounting Quiz

Nonprofit Accounting Quiz ۱٫A nonprofit’s revenues and expenses are reported on its statement of __________ . ۲٫The accounting equation of a nonprofit is Assets = Liabilities + __________ . ۳٫A nonprofit’s assets and liabilities...

Income Statement Quiz

Income Statement Quiz ۱٫Which of the following names is NOT associated with the income statement? P & L Statement Of Financial Position Statement Of Operations ۲٫The income statement heading will specify which of the...

Financial Ratios Quiz

Financial Ratios Quiz ۱٫Which of the following is not a current asset? Inventory Prepaid Insurance Fixtures ۲٫Current asset MINUS current liabilities is the Current Ratio Net Worth Working Capital ۳٫Current assets DIVIDED BY current...

Financial Accounting Quiz

Financial Accounting Quiz ۱٫Financial accounting is focused on the __________ financial statements of a company. External Internal ۲٫Financial statements report the fair market value of a company. True False ۳٫Large corporations must follow the...

Depreciation Quiz

Depreciation Quiz ۱٫Depreciation Expense shown on a company’s income statement must be the same amount as the depreciation expense on the company’s income tax return. True False ۲٫The purpose of depreciation is to have...