• 2022-06-05
    A income statement reports
  • the difference between revenues and expenses during the period

    内容

    • 0

      The income statement reports all of the following except () A: Revenues earned by a business. B: Expenses incurred by a business. C: Assets owned by a business. D: Net income or loss earned by a business.

    • 1

      The income statement is a statement:

    • 2

      The CORRECT data flow from one financial statement to the next is: A: statement of retained earnings, income statement, balance sheet, statement of cash flows. B: balance sheet, statement of retained earnings, income statement, statement of cash flows. C: statement of retained earnings, income statement, statement of cash flows, balance sheet. D: income statement, statement of retained earnings, balance sheet, statement of cash flows.

    • 3

      Translate the following sentence into Chinese."A profit statement is also known as a profit and loss statement, an income statement, an income and expense statement or an operating statement."

    • 4

      Which of the following statement related to the three elements in an income statement is not true?