Financial Information Skills Test-4

Let's see if you've got your ducks in a row regarding Financial Information.

Close Window To Return To Main Quiz Menu

Financial Data is presented in the following tables for your completion:
Income Statement
Revenues ?
Salaries 50,000
Operating Expenses 25,000
Utilities 5,000
Total Expenses 80,000
Net Income ?
Statement of Stockholder's Equity
Common Stock Retained Earnings
Beginning 30,000 20,000
Stock Issued
Net Income 40,000
Dividends ?
Ending 35,000 50,000

Balance Sheet
Assets Liabilities
Cash 24,000 Accounts Payable 6,000
Office Supplies ?
Prepaid Rent 6,000 Stockholder's Equity
Equipment 60,000
Common Stock ?
Retained Earnings ?
Total Stockholder's Equity ?
Total Assets ? Total Liabilities & Stockholder's Equity ?

Using the above table and information select the appropriate dollar amount for the missing amounts: Note: Paper, pencil, and a calculator will aid you in calculating the correct amounts.

Give the test a try on your own; but, if you need to see the results, check out the Financial Information I prepared for you.

Question .


Select the Correct Amount from the list above