Intermediate Balance Sheet

Test your Intermediate-level Balance Sheet skills in Financial Statements. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A company purchases its own shares on the open market. How is this transaction reflected on the balance sheet?

A. As a decrease in liabilities and a decrease in cash.

B. As an increase in assets labeled 'Marketable Securities'.

C. As a reduction in shareholders' equity, reported as Treasury Stock.

D. As an increase in Additional Paid-in Capital.

Keyboard Shortcuts

↑↓Navigate options

EnterSelect answer

←→Prev/Next question

SSkip question

1-4Select A-D

EscClear answer

SpaceNext question

BackspacePrevious question