Measuring Long-Term Liabilities & Annuities


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question 1 of 3

What are long term liabilities?

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1. What is an annuity?

2. Which of the following statements is TRUE regarding a bond?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will test you on measuring long-term liabilities and annuities. Topics you'll need to know to pass the quiz include understanding what long term liabilities are as well as defining terms such as bond principal, annuity and bond.

Quiz & Worksheet Goals

The quiz will test you on the following terms:

  • Long term liabilities
  • Annuity
  • The person liable for a bond
  • Bond principal
  • Coupon interest payments

Skills Practiced

This worksheet and quiz help you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related finance lesson
  • Defining key concepts - ensure that you can accurately define main phrases, such as long-term liabilities, annuity and coupon interest payments
  • Information recall - access the knowledge you've gained regarding the important financial tools used in gauging long-term liabilities and annuities

Additional Learning

You can learn more about gauging long-term liabilities and annuities and the related lesson 'Measuring Long-Term Liabilities & Annuities'. This lesson covers the following objectives:

  • Define vocabulary terms, including principal, interest and present value
  • Understand long-term liabilities
  • Explore what annuities are
  • Examine how bonds are measured