举一反三
- 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."
- Of the following, which is not an alternative title for the income statement? A: Earnings statement B: Statement of Operations C: Profit and Loss Statement D: Statement of Financial Position
- A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to A: beginning retained earnings for the earliest period presented. B: net profit for the period in which the change occurred. C: comprehensive income for the earliest period presented. D: stockholders’ equity for the period in which the change occurred.
- Income Statement, also known as the “Profit and Loss Statement (P&L)”, is a record of the company’s profitability. It shows of a firm over a period of time.
- Which of the following statement related to the three elements in an income statement is not true?
内容
- 0
The<br/>balance of an unearned revenue account(): A: Appears<br/>in the balance sheet as a component of owners' equity. B: Appears<br/>in the income statement along with other revenue accounts. C: Appears<br/>in a separate section of the income statement for revenue not yet<br/>earned. D: Appears<br/>in the liability section of the balance sheet.
- 1
At 31 March 20X2 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 20X3 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 20X3 totalled $34,600. Based on these figures, what amount should appear in the company's statement of profit or loss and other comprehensive income for heating oil for the year?
- 2
A firm's ________ reports the profit or loss for the firm over a specified time period. A: income statement B: balance sheet C: statement of cash flows D: bank statement
- 3
Which of the following is not a true statement about a multiple-step income statement? A: Operating expenses are similar for merchandising and service enterprises. B: There may be a section for nonoperating activities. C: There may be a section for operating assets. D: There is a section for cost of goods sold.
- 4
The Legislature today approved a bill that would make the deduction and other provisions of the commuter income tax ______ with those in the New York income tax law.