Accounting Arena
If a company has assets worth $5000 and liabilities of $3500, what is the owner's equity?
$ 1500
Which character is the mastermind behind the heist and always stays one step ahead?
The Professor
IPO stands for?
Initial Public Offering
What explains the imprest system of operating petty cash?
The exact amount of expenditure is reimbursed at intervals
In Season 3, the gang targets which financial institution?
The Bank of Spain
Which institution provides financial and technical assistance to developing countries?
The World Bank
Kirk's opening balance on his trade payables general ledger account was $32,978. During the year, he made credit purchases of $178,509, returned goods back to a supplier totaling $4,945 and made payments to his suppliers of $163,948.
$ 42,954
How many episodes of Money Heist were released on Netflix?
41
What is the richest country in the world?
Luxemburg
Acompany's statement of profit or loss for the year ended 31 December 20X5 showed a profit for the year of $83,600. It was later found that $18,000 paid for the purchase of a motor vehicle had been debited to the motor expenses account. It is the company's policy to depreciate motor vehicles at 25% per year on the straight-line basis, with a full year's charge in the year of acquisition.
$ 97,100
At the peak of its global fame, in how many countries did Money Heist rank #1 on Netflix?
70
You broke into the Royal Mint, stole €2.4 billion, and still ended up broke. What economic concept did you forget to account for?
Time Value of Money
Nancy purchased a building on 1 January 20X1 for $200,000. The building had a useful life of 20 years at the date of acquisition and is depreciated on a straight-line basis. On 1 January 20X5, Nancy had the building professionally valued and its fair value was deemed to be $340,000.
$ 180,000
The robbers in Money Heist wore these iconic masks, symbolizing rebellion and inspired by which surrealist artist with a famous mustache?
Salvador Dali
You flooded the economy with cash, but consumption barely moved. What macroeconomic trap just sabotaged your plan?
Liquidity Trap