Team 1
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Team 2
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Teams
Name
Score
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×
banana
Go to last place!
Oops!
×
gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
25
×
Liabilities means ...
what you owe to others, for example a bank loan, or what you owe to your suppliers for goods or to IRS for taxes.
Oops!
Check
Okay!
Check
25
×
We need to (add/ deduct) the cost of goods from the revenue to get the net income.
deduct
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Check
Okay!
Check
25
×
The balance sheet shows the (equity / liabilities) it owes to others.
liabilities
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
gift
Win 25 points!
Okay!
×
gift
Win 20 points!
Okay!
×
baam
Lose 25 points!
Oops!
25
×
Assets are ....
things of value that company owns or uses for instance land and buildings, office equipment
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Check
Okay!
Check
25
×
The balance sheet shows the( equity / liabilities) that belongs to the owners.
equity
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Okay!
Check
25
×
The balance sheet shows which (assets / liabilities) the company owns.
assets
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Check
25
×
Everything that a company owns (its assets) was purchased either from ...
debt or companyโs own money (equity).
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Check
25
×
Equity is ...
the residual amount that would be left if the company sold all its assets and paid off all its liabilities.
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Okay!
Check
×
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