NAME:

COURSE:

MATHEMATICS IN THE MODERN WORLD ACTIVITY

Activity 1
Directions: Write CA if the assets are current; NCA if the assets is noncurrent. Write your answer on the space
provided before each number.

________ 1. Inventory
________ 2. Marketable Securities
________ 3. Furniture and Equipment
________ 4. Long-term Investment
________ 5. Cash at BPI

Activity 2
Directions: Write R for revenue; CGS for cost of good sold; SE for selling expenses; GAE for general and
administrative expenses; OR for other revenue; and ORE for other revenue and expense. Write
your answer on the space provided before each number.

________ 1. Rent Expense

________ 2. Cost of Inventories Sold
________ 3. Sales Commission
________ 4. Executive Salaries
________ 5. Sales

Activity 3
Directions: Complete the table of Properties of Financial Statement. Write your answer on the space provided.

ASSETS LIABILITIES OWNER’S EQUITY

760,000 360,000 1.
860,000 2. 592,000
3. 108,000 760,000
626,000 376,240 4.
5. 800,000 100,000

Activity 4
Directions: Complete the table of Revenues and Expenses. Write your answer on the space provided.
REVENUES EXPENSES PROFIT or LOSS
840,000 1. 360,000
2,400,000 2. 540,000
1,300,000 860,000 3.
4. 2,000,000 720,000
5. 180,000 400,000