What do you know?
Quick Quiz
1. This statement gives a “snapshot” of the company’s financial position at a particular moment.
A. The periodic earnings report.
B. Balance sheet.
C. Cash flow statement.
2. Non-operating expenses are:
A. Expenses related to financing and investing activities.
B. Expenses connected with normal business operations.
C. Unexpected costs.
3. Subtracting liabilities from a company’s total assets yields:
A. Net income.
B. Short-term debt.
C. Shareholders’ equity.
A Project Of:
A Project Of:
