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1. 
A Balance Sheet is the relationship among Assets, Liabilities and...
A.
Debts
B.
Equity
C.
Cash
2. 
The fundamental accounting equation is...
A.
Equity minus liabilities is equal to assets
B.
Assets plus liabilities is equal to assets
C.
Equity plus liabilities is equal to assets
3. 
Which of the following elements is an asset?
A.
Cash
B.
Bulding
C.
Land
D.
All the answers are correct
4. 
Which of the following elements is a liability?
A.
Debts
B.
Donated capital
C.
None of the answers is correct
5. 
Which of the following elements is an owner's equity?
A.
Suppliers
B.
Donated capital
C.
Debts
6. 
What is the meaning of Current assest?
A.
They are usually on the balance sheet for one year or less
B.
They are easily changeable in liquity
C.
All the answers are correct
7. 
If a company pays a long-term loan
A.
Its current liability will be lower
B.
Its current assets will be lower
C.
All the answers are correct
8. 
What is it better for a company?
A.
It has a high level of non-current asset
B.
It has a high level of non-current liability
C.
None of the answers is correct
9. 
Write two elements of non-current asset
10. 
If a society has:
11. 
If a society has liabilities=50000, assets=35.000, equity=15.000
A.
The society is in a good position because it has balanced
B.
The society is in a good position because it has unbalanced
C.
The society is in a bad position because it has unbalanced