Categorization of Financial Statement Items Quiz

Test your knowledge of financial accounting with questions on balance sheets, income statements, cash flows, and more!

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Which financial statement reports a company's revenues and expenses over a period?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

What is typically listed first on a balance sheet?

Assets

Liabilities

Owner's Equity

Revenue

Which financial statement provides information about a company's cash receipts and cash payments?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

What does the term 'GAAP' stand for in accounting?

Generally Accepted Accounting Principles

Generally Acknowledged Accounting Procedures

Generally Applied Accounting Practices

General Accounting and Auditing Principles

Which financial statement shows the changes in a company's cash balance over a period?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

Which financial statement presents an overview of a company's financial position at a specific point in time?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

What does 'EBITDA' stand for in finance?

Earnings Before Interest, Taxes, Depreciation, and Amortization

Earnings Before Income and Taxes, Depreciation, and Amortization

Earnings Before Interest, Taxes, and Depreciation Allocation

Earnings Before Interest, Taxes, Depreciation, and Asset Allocation

Which financial statement reports changes in a company's retained earnings over a period?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

What does the debt-to-equity ratio measure?

A company's ability to meet short-term liabilities

The proportion of debt financing compared to equity financing

The efficiency of a company's operations

The profitability of a company

#10

Which financial statement shows a company's net income or loss over a period?

Income Statement

Balance Sheet

Statement of Cash Flows

Statement of Retained Earnings

#11

Which of the following would not be included in the operating activities section of a statement of cash flows?

Cash received from customers

Cash paid to suppliers

Interest paid on loans

Dividends received

#12

What is the formula for calculating return on investment (ROI)?

(Net Income / Total Assets) * 100%

(Net Income / Average Shareholder's Equity) * 100%

(Net Income / Total Liabilities) * 100%

(Net Income / Total Revenue) * 100%

#13

Which of the following is a non-cash expense typically added back to net income when calculating cash flow from operations?

Interest expense

Depreciation expense

Income tax expense

Cost of goods sold

#14

In finance, what does the term 'EBIT' stand for?

Earnings Before Income and Taxes

Earnings Before Interest and Taxes

Earnings Before Interest, Taxes, and Depreciation

Earnings Before Interest, Taxes, and Amortization

#15

What is the formula for calculating earnings per share (EPS)?

(Net Income / Total Assets)

(Net Income / Average Shareholder's Equity)

(Net Income / Total Revenue)

(Net Income / Average Number of Shares Outstanding)

Categorization of Financial Statement Items Quiz

Which financial statement reports a company's revenues and expenses over a period?

What is typically listed first on a balance sheet?

Which financial statement provides information about a company's cash receipts and cash payments?

What does the term 'GAAP' stand for in accounting?

Which financial statement shows the changes in a company's cash balance over a period?

Which financial statement presents an overview of a company's financial position at a specific point in time?

What does 'EBITDA' stand for in finance?

Which financial statement reports changes in a company's retained earnings over a period?

What does the debt-to-equity ratio measure?

Which financial statement shows a company's net income or loss over a period?

Which of the following would not be included in the operating activities section of a statement of cash flows?

What is the formula for calculating return on investment (ROI)?

Which of the following is a non-cash expense typically added back to net income when calculating cash flow from operations?

In finance, what does the term 'EBIT' stand for?

What is the formula for calculating earnings per share (EPS)?

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