Challenges in Measuring Assets, Liabilities & Equities


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question 1 of 3

What are assets?

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1. What are liabilities?

2. What was 'tulip mania'?

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About This Quiz & Worksheet

In this quiz and worksheet, you will be tested on your knowledge of different terms that describe ownership by companies. You will also be asked about types of liabilities.

Quiz & Worksheet Goals

This combo of a worksheet and quiz will ask you to define the following:

  • Assets
  • Liabilities
  • Tulip mania
  • Depreciation
  • Amortization

Skills Practiced

With this quiz and worksheet, you will be able to practice these skills:

  • Defining key concepts - be sure that you are able to correctly define terms like amortization and asset
  • Information recall - go back and see what you remember about measuring equities
  • Distinguishing differences - compare and contrast depreciation with amortization

Additional Learning

If you want to know more, visit the lesson titled Challenges in Measuring Assets, Liabilities & Equities. You will be fulfilling the following objectives:

  • Learn how equity is left over from assets
  • Examine the reason for the rise of tulip mania
  • Explore the subjective nature of the value of art
  • Witness the job duties of an accountant