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Business

8th -

12thgrade

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Accounting Review

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18 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    What does liquidity mean?

    anything you own that is worth money

    what you are worth

    how quickly an asset can be turned into cash

    debts that a company has

  • 2. Multiple Choice
    30 seconds
    1 pt

    A balance sheet measures assets and liabilities. What does an income statement measure?

    assets and revenue

    liabilities and expenses

    sales and equity

    revenue and expenses

  • 3. Multiple Choice
    30 seconds
    1 pt

    Expenses that vary from month to month are called:

    equity expenses

    fixed expenses

    variable expenses

    revenue expenses

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