Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
Loading
15
×
The balance sheet shows the income left over after subtracting expenses from sales
False - - The income statement shows how much income is left over after subtracting expenses from sales, not the balance sheet.
Oops!
Check
Okay!
Check
×
boom
Lose 50 points!
Oops!
×
shark
Other team loses 20 points!
Okay!
×
shark
Other team loses 10 points!
Okay!
×
lifesaver
Give 10 points!
Oops!
15
×
How can understanding financial statements help in making better investing decisions?
It can help in making better investing decisions by providing information about a company.
Oops!
Check
Okay!
Check
15
×
In what ways can understanding financial statements benefit someone in business?
It can help by increasing their management insights, helping them make informed decisions, and improving their overall financial acumen.
Oops!
Check
Okay!
Check
15
×
What are the liabilities in a company?
The debts
Oops!
Check
Okay!
Check
15
×
The balance sheet provides information about how a company collects money from customers
False - - The balance sheet provides information about a company's assets, liabilities, and equity, not how it collects money from customers.
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
gold
Win 50 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
baam
Lose 25 points!
Oops!
15
×
Can you define asset?
a useful or valuable quality, skill, or person:
Oops!
Check
Okay!
Check
15
×
The accounting equation explains how assets are acquired.
TRUE
Oops!
Check
Okay!
Check
15
×
Understanding the rules of accounting can help in making better investment decisions
tRUE
Oops!
Check
Okay!
Check
15
×
The income statement reveals how cash flows through a company.
trUE
Oops!
Check
Okay!
Check
×
heart
Other team wins 10 points!
Oops!
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies