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AM2 2.00 SAE & Financials Flashcards | StudBud
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AM2 2.00 SAE & Financials
AM2 2.00 SAE & Financials
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1
Some students have jobs outside of regular classroom hours that may be paid or unpaid, which type of SAE?
Placement
Improvement
Analytical
Entrepreneurship
2
On a net worth statement, net worth is the same as:
current assets
inventory
equity
total liabilities
3
A financial statement lists mortgages due after the current year as:
noncurrent assets
current liabilities
current assets.
noncurrent liabilities
4
On a financial statement, items that can be quickly converted to cash or that will be sold within 12 months are:
current assets
net worth
current liabilities
equity
5
In what type of SAE project does one plan, implement, operate, & assume the financial risk in an agricultural activity?
Entrepreneurship
Experimental
Improvement
Placement
6
Which type of SAE would use a local stakeholder committee's minutes as a form of documentation?
Invention
Entrepreneurship
Service Learning
Placement
7
The part of a net worth statement that shows all debts is:
inventory
current liabilities.
total liabilities
debt-to-equity ratio
8
On a financial statement, net worth is:
total assets plus total liabilities
current assets minus current liabilities.
total assets minus total liabilities
current liabilities plus current assets