Financial Statement Quiz

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1 / 15

Which financial statement reports a company’s revenues and expenses over a specific period?

a) Balance sheet

b) Income statement

c) Statement of cash flows

d) Statement of retained earnings

2 / 15

Which financial statement shows a company’s cash inflows and outflows from operating, investing, and financing activities?

a) Income statement

b) Balance sheet

c) Statement of retained earnings

d) Statement of cash flows

3 / 15

What does the term “depreciation” refer to in accounting?

a) A decrease in the value of an asset over time

b) An increase in the value of an asset over time

c) A decrease in the value of liabilities over time

d) An increase in the value of liabilities over time

4 / 15

Which financial statement shows the changes in equity over a specific period, including dividends and net income?

a) Income statement

b) Balance sheet

c) Statement of cash flows

d) Statement of retained earnings

5 / 15

Which financial statement indicates the financial position of a company at a specific point in time?

a) Balance sheet

b) Income statement

c) Statement of retained earnings

d) Statement of cash flows

6 / 15

What does the debt-to-equity ratio measure?

a) A company’s ability to generate profits from its assets

b) The amount of debt a company has in relation to its equity

c) The liquidity of a company’s assets

d) The efficiency of a company’s operations

7 / 15

Which of the following is not a current asset?

a) Cash

b) Inventory

c) Property, Plant & Building

d) Accounts receivable

8 / 15

Which of the following is a measure of a company’s profitability

a) Debt-to-Equity ratio

b) Current ratio

c) Return on Assets (ROA)

d) Inventory turnover ratio

9 / 15

What does the term “working capital” represent?

a) Total assets minus total liabilities

b) Current assets minus current liabilities

c) Total liabilities minus total equity

d) Total revenue minus total expenses

10 / 15

What does the balance sheet primarily show?

a) Revenues and expenses

b) Cash flows

c) Assets, liabilities, and equity

d) Profit and loss

11 / 15

Which financial statement reports the changes in cash and cash equivalents during a specific period?

a) Income statement

b) Balance sheet

c) Statement of cash flows

d) Statement of retained earnings

12 / 15

What does the debt ratio measure?

a) The proportion of debt to total assets

b) The proportion of equity to total assets

c) The proportion of debt to equity

d) The proportion of current liabilities to current assets

13 / 15

Which of the following is not a liability?

a) Account Payable

b) Long Term Loan

c) Account Receivable

d) Prepaid income

14 / 15

What does the term “EBITDA” stand for?

a) Earnings Before Interest, Taxes, Depreciation, and Amortization

b) Earnings Before Income, Taxes, Depreciation, and Amortization

c) Earnings Before Interest, Taxes, Depreciation, and Assets

d) Earnings Before Income, Taxes, Depreciation, and Assets

15 / 15

What does the term “liquidity” refer to in financial statements?

a) The ability to generate profits

b) The ability to meet short-term obligations

c) The ability to finance long-term investments

d) The ability to pay dividends to shareholders

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Financial Statement Quiz

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Financial Statement Quiz

Test your Financial Statement knowledge with our Financial Statement quiz today!

View Our Courses Now

Microsoft Excel (Basics - Advanced)

Dashboard, Power Pivot & Power Query

Visual Basics for Application (VBA)

Microsoft Power Business Intelligence (Power BI)

Financial Modelling

Human Resources

Microsoft Excel
(Basics - Advanced)