ACC205 Week 1 – Videos & Quiz: Chapter 2
Score for this attempt: 5 out of 5
This attempt took 3 minutes.
Question 1
1 / 1 pts
Journal entries must be prepared before financial statements can be created for a firm.
True
False
Question 2
1 / 1 pts
T-accounts are part of the published financial reporting package of statements each month.
True
False
Question 3
1 / 1 pts
An Income Statement will explain the value of current assets a firm has acquired.
True
False
Question 4
1 / 1 pts
Liabilities will be listed on a firm’s balance sheet.
True
False
Question 5
1 / 1 pts
Dividends are part of current assets for a firm since they will be paid with cash.
True
False
Quiz Score: 5 out of 5
