ACCOUNTING AND FINANCE QUESTION
WITH CORRECT ANSWERS 2025
A building that a company owns is considered . - CORRECT ANSWER -an asset
A captures a company's assets, liabilities, and equity at a specific moment in time. -
CORRECT ANSWER -balance sheet
What do you need to know to calculate your break-even point? Select all that apply. -
CORRECT ANSWER -Your fixed costs
Your variable cost
Your unit selling price
True or false: Financial analysts typically evaluate possible merger and acquisition candidates on paper.
- CORRECT ANSWER -False
Who appoints members to the Public Company Accounting Oversight Board? - CORRECT ANSWER -
The Securities and Exchange Commission
Money owed to a supplier is considered . - CORRECT ANSWER -a liability
Bookkeeping is . - CORRECT ANSWER -
a process that records the routine economic activities of a business
A pizzeria sells pizzas for $10 and the ingredients cost $8 to make each pizza. If the rent of the store, t
he utilities, and the salary of the worker are $2000 per month, how many pizzas would the pizzeria ne
ed to sell each month to break even? - CORRECT ANSWER -1000
WITH CORRECT ANSWERS 2025
A building that a company owns is considered . - CORRECT ANSWER -an asset
A captures a company's assets, liabilities, and equity at a specific moment in time. -
CORRECT ANSWER -balance sheet
What do you need to know to calculate your break-even point? Select all that apply. -
CORRECT ANSWER -Your fixed costs
Your variable cost
Your unit selling price
True or false: Financial analysts typically evaluate possible merger and acquisition candidates on paper.
- CORRECT ANSWER -False
Who appoints members to the Public Company Accounting Oversight Board? - CORRECT ANSWER -
The Securities and Exchange Commission
Money owed to a supplier is considered . - CORRECT ANSWER -a liability
Bookkeeping is . - CORRECT ANSWER -
a process that records the routine economic activities of a business
A pizzeria sells pizzas for $10 and the ingredients cost $8 to make each pizza. If the rent of the store, t
he utilities, and the salary of the worker are $2000 per month, how many pizzas would the pizzeria ne
ed to sell each month to break even? - CORRECT ANSWER -1000
