1. Given an activity and have to decide if it is investing finance or operating
2. Given two accounts and have to determine what account are they (liability, asset, or expense)
3. Youre asked a question about the timing of the dates on the financial statements

A: income statement for period of time while, balance sheet is for point in time. Statement of cash is for a period of time

4. Accounting equation is what the balance right you are asked about
5. Ask about a classified balance sheet (specific current liabilities)
6. Generally accepted accounting principals
7. Given a transaction and given a journal entry
8. Left side of an account is
9. The description of a normal balance (what does that mean)
10. Another general entry about revenue

Answer the ones you can