When an investor understands the income and expense components of the income statement, he or she can appreciate what makes a company profitable.
举一反三
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold
- 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."
- A multiple-step income statement provides users with more information about a company’s income performance. ( )
- A firm has sales of $3,200, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $50. What is the common-size statement value of the interest expense?
- The income statement shows the financial position of a company on a certain date.