3. Revenues and expenses are multiplied by 1 less the tax rate, because:

a.It measures the before-tax cost of the revenue earned and expenses paid.

b.It measures the amount of money paid in income taxes

c.It measures the revenues and expenses on an after-tax basis

4. For proposed income statements using the Treasurers Rule C-I-d-F =? indicates:

a.The amount of extra funds available to invest

b.The amount of deficit funds that need funding

c.All of the above

d.None of the above