Company Benefits2024-02-14Accountants2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 The Balance Sheet Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. A balance sheet shows the financial .......... that a company has at a point in time and where they came from. returns revenues resources records Category: business-advanced 2. It is an instant photograph that displays the company's financial .......... at the end of a business month, quarter or year. station explanation position publication Category: business-advanced 3. The organization of a balance sheet reflects this basic ..........: assets equal debts plus equity. arrangement equation question assessment Category: business-advanced 4. The .......... of accounts is a listing of the accounts that are reflected in the financial statements. chart outline table book Category: business-advanced 5. Assets are often listed in the order of their .......... — which means how easy it would be to convert each asset into cash. simplicity complexity liquidity security Category: business-advanced 6. Assets are divided into three categories: Current Assets, Fixed Assets, and .......... Assets. Current fixed Different Other Fixed current Category: business-advanced 7. Current assets will likely be turned into cash or converted into a(n) .......... within a year. option bonus expense stock Category: business-advanced 8. Fixed assets are saleable, but are not expected to be converted to cash in the .......... course of business. final normal equal average Category: business-advanced 9. Liabilities are debts or .......... stemming from goods or services received by the company. obligations outstandings owed others Category: business-advanced 10. If the assets of a company are greater than its liabilities, then the equity of the business is the positive .......... between the two numbers. dividend difference calculation sum Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0