HCM 416 CHAPTER 4 QUIZ AND VERIFIED ANSWERS LATEST
UPDATE
Please select all the correct answers.
A balance sheet contains information about an organization's
a) Net Income
b) Assets
c) Liabilities
d) Equity
B, C & D
Assets, Liabilities, and Equity
This is a true/false question.
The basic accounting equation is
Assets = Liabilities - Equity
, a) True
b) False
b) False
Assets = Liability + Equity
Please match the term to the category that it best fits with.
For example, cash is an example of a current asset.
a) Inventories
b) Net Patient Accounts Receivable
c) Fixed Assets
d) Accounts Payable
e) Accrued Expenses
f) Debt Instruments with financing greater than 1 year.
a) Inventories - Current Assets
b) Net Patient Accounts Receivable - Current Assets
c) Fixed Assets - Net Property and Equipment
d) Accounts Payable - Current Liabilities
UPDATE
Please select all the correct answers.
A balance sheet contains information about an organization's
a) Net Income
b) Assets
c) Liabilities
d) Equity
B, C & D
Assets, Liabilities, and Equity
This is a true/false question.
The basic accounting equation is
Assets = Liabilities - Equity
, a) True
b) False
b) False
Assets = Liability + Equity
Please match the term to the category that it best fits with.
For example, cash is an example of a current asset.
a) Inventories
b) Net Patient Accounts Receivable
c) Fixed Assets
d) Accounts Payable
e) Accrued Expenses
f) Debt Instruments with financing greater than 1 year.
a) Inventories - Current Assets
b) Net Patient Accounts Receivable - Current Assets
c) Fixed Assets - Net Property and Equipment
d) Accounts Payable - Current Liabilities
