Business

11th -

12thgrade

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Income Statement and Balance Sheet

55
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26 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt
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    It is not a legal requirement for all companies to show their shareholders the sources and use of finances

    True

    False

  • 2. Multiple Choice
    30 seconds
    1 pt
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    Net profit and operating profit are equal when there is an absence of which option below?

    Expenses

    Dividends

    Interest

    Tax

  • 3. Multiple Choice
    30 seconds
    1 pt

    overdrafts and creditors are examples of current liabilities

    True

    False

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