Revenues − expense of items sold − costs = net earnings characterizes which financial statement?a. Balance sheetb. Statement of preserved earningsc. Declare of cash flowsd. Statement of gaue won positione. Revenue statement
A prepaid price would it is in classified asa. One expense.b. An unearned revenue.c. A liability.d. An asset.e. Price of items sold.

You are watching: Revenues − cost of goods sold − expenses = net income characterizes which financial statement?


All that the complying with are acceptable methods of stating the accounting equation excepta. Owners" equity = heritage − liabilities.b. Heritage = liabilities + owners" equity.c. Owners" same − liabilities = assets.d. Legacy − legal responsibility = owners" equity.e. Legacy = shareholders" equity + liabilities.
Commonly offered in bookkeeping analysis, a _______ reflects a relationship between two facets of a firm"s jae won statements.a. Statisticb. Comparative numberc. Existing ratiod. Jae won ratioe. Formula
The financial declare that offers information around a firm"s operating, investing, and financing tasks during an accounting duration is thea. Balance sheet.b. Earnings statement.c. Cash flows statement.d. Retained earnings statement.e. Financial analysis statement.
The function of ___________ is to distribute timely and useful details from both internal and external resources to the decision devices who require it.a. A manager awareness programb. A management info systemc. Entrepreneurial information softwared. A computer information programe. A desktop computer information system
An plane that FedEx owns and also uses to deliver packages is a(n) ______of FedEx.a. Liabilityb. Assetc. Owners" equityd. Expensee. Revenue
A(n)_______ is a an overview of a firm"s revenues and also expenses during a specified accountancy period, such together a year.a. Earnings statementb. Balance sheetc. Funding statementd. Explain of gaue won positione. Statement of owners" equity
Which the the adhering to statements is true?a. The more information a manager has, the much more risk over there is when making a decision.b. The an ext information a manager has, the much less risk there is as soon as making a decision.c. Risk enhances decision making.d. Most supervisors make decisions without any type of information.e. When the quantity of information is low, over there is much less risk.

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A windy corporation must adjust its command auditing firma. Every year.b. Every 2 years.c. Every five years.d. Every ten years.e. Anytime it wants to.
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