Financial Statements, Cash Flow and Taxes MCQs Quiz Online PDF Download

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MCQs on Financial Statements, Cash Flow and TaxesQuiz PDF Download

MCQ: Purchase cost of assets over its useful life is classified as

  1. appreciation
  2. depreciation
  3. appreciated assets
  4. appreciated liabilities

B

MCQ: Type of basic financial statements consist of

  1. balance sheet and income statement
  2. statement of retained earning
  3. statement of cash flows
  4. all of the above

D

MCQ: Land, buildings, and factory fixed equipment are classified as

  1. tangible asset
  2. non-tangible assets
  3. financial asset
  4. financial liability

A