Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement." (Select from the drop-down menus.) t h at the top and ends with In reviewing the income statement of a profitable company, one can see that it begins with at the bottom. Had there been a loss for the year, the final result What exactly does the word balance mean in the title of the balance sheet? Why do we bal the answers that apply.) sales revenue interest expense operating expenses taxes A. The balance sheet balances the firm's assets against its financing, which can be all B. The total value of all of the firm's assets should equal the sum of its short and long C. In order for the balance sheet to balance, stockholder's equity must exclude prefer common stock and retained earnings from previous profitable years in which some D. When the balance sheet does not balance, the difference must be reported as an not profits before taxes lue, paid in capital in excess of par on id not paid out as dividends. two halves to balance net profits after taxes net loss after taxes cost of goods sold operating profits (EBIT) gross profits Click to select your answer(s). This uz: 5 pts possible Explain why the income statement can also be called a profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement. (Select from the drop-down menus.) at the top and ends with In reviewing the income statement of a profitaple company, one can see that it begins with at the bottom. Had there been a loss for the year, the final result would have been al ce mean in the title of the balance sheet? Why do we balance the two halves? (Select all the answers that apply) Interest expense sales revenue net loss after taxes os the firm's assets against its financing, which can be either debt or equity firm's assets should equal the sum of its short- and long-term debt plus stockholder's equity heet to balance, stockholder's equity must exclude preferred stock, common stock at par value paid in capital in excess of par on d earnings from previous profitable years in which some of the earnings were held back and not paid out as dividends as not balance the difference must be reported as an off balance sheer account for the two halves to balance operating profits (EBIT) net profits before taxes taxes net profits after taxes operating expenses cost of goods sold gross profits Click to select your answer(s). Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement." (Select from the drop-down menus.) at the top and ends with In reviewing the income statement of a profitable company, one can see that it begins with V at the bottom. Had there been a loss for the year, the final result would have been a What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves ply.) operating expenses net profits after taxes net loss after taxes A. The balance sheet balances the firm's assets against its financing, which can be either debt or equity B. The total value of all of the firm's assets should equal the sum of its short and long-term debt plus stod c. In order for the balance sheet to balance, stockholder's equity must exclude preferred stock.commons common stock and retained earnings from previous profitable years in which some of the earnings were D. When the balance sheet does not balance, the difference must be reported as an off-balance sheeran sales revenue n excess of par on vidends Interest expense net profits before taxes cost of goods sold taxes operating profits (EBIT) gross profits Click to select your answer(s). Explain why the income statement can also be called a "profit-and-loss statement." What exactly does the word balance mean in the title of the balance sheet? Wh we balance the two halves? Explain why the income statement can also be called a "profit-and-loss statement." (Select from the drop-down menus.) at the top and ends with In reviewing the income statement of a profitable company, one can see that it begins with at the bottom. Had there been a loss for the year, the final result would have been a What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves? (Select all the answers that apply) A. The balance sheet balances the firm's assets against its financing, which can be either debt or equity. B. The total value of all of the firm's assets should equal the sum of its short and long-term debt plus stockholder's equity C. In order for the balance sheet to balance, stockholder's equity must exclude preferred stock.common stock at par value paid in capital in excess of paron common stock and retained earnings from previous profitable years in which some of the earnings were held back and not paid out as dividends D. When the balance sheet does not balance, the difference must be reported as an "off-balance sheet" account for the two halves to balance Click to select your answer(s)
