Multiple Choice
Your balance sheet is based on the _____ equation: Assets = Liabilities + Owner's equity.
A) accounting
B) bookkeeping
C) financial
D) profit
Correct Answer:
Verified
Correct Answer:
Verified
Q36: _ is another word for revenues.<br>A)Bottom line<br>B)Profits<br>C)Sales<br>D)Income
Q37: Interest coverage equals interest expense divided by
Q38: Accounting is a _ profession.<br>A)people<br>B)number-crunching<br>C)managerial<br>D)executive
Q39: A vertical income statement shows income for
Q40: Your _ shows organizational sales,expenses,and profit.<br>A)balance sheet<br>B)income
Q42: Brenda Sinatra is senior analyst at a
Q43: When a business needs a more sophisticated
Q44: If you buy something with the intent
Q45: The difference between gross profit and operating
Q46: You're reading an article entitled _,which explains