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  • Long Quiz

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    Leirylle Tubice II
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    This document contains a multiple choice test with answers, financial information including total assets, liabilities and owner's equity, identification of net income and its amount, and a short paragraph discussing the importance of financial statements for decision making and analyzing the overall financial health of a company.

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    LONG QUIZ

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    This document contains a multiple choice test with answers, financial information including total assets, liabilities and owner's equity, identification of net income and its amount, and a short paragraph discussing the importance of financial statements for decision making and analyzing the overall financial health of a company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    Long Quiz

    Uploaded by

    Leirylle Tubice II
    This document contains a multiple choice test with answers, financial information including total assets, liabilities and owner's equity, identification of net income and its amount, and a short paragraph discussing the importance of financial statements for decision making and analyzing the overall financial health of a company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    TUBICE, LEIRYLLE H.

    12-ABM10A
    1. C
    2. B
    3. A
    4. D
    5. A
    6. A
    7. B
    8. D
    9. D
    10. D
    11. B
    12. C
    13. A
    14. D
    15. A

    16-18
    ● Total Assets = 218,900
    ● Total Liabilities = 120,900
    ● Total Owner's Equity = 98,800
    19-20
    ● It is NET INCOME
    ● 75,000,000
    21-25

    26-30
    ● Having financial statements is very relevant in making useful and smart decisions
    covering the amount of money you owned and you owe. It will keep you updated and
    conscious about your financial records and activities as of a given period. It's very crucial
    to keep in mind the overall health of the company. By analyzing the balance sheet,
    income statement, and cash flow, you can get a clearer perspective about your
    company's finances.

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