Revenues - all expenses = ______________.

• marketable securities
• net income
• capital expenditures
• return on investment

The income statement not only reflects normal and recurring operating expenses, but also the impact of a company's financing choices.

• True
• False

Statement that shows revenues and expenses that are not reported on the traditional income statement

• Balance sheet
• Statement of comprehensive income
• Statement of cash flows
• equity before income statement

Cost of goods sold - sales = ______________.

• income
• equity
• gross profit
• assets

Which of the following make up cost of goods sold or COGS?

• direct labor
• direct materials
• manufacturing overhead
• All of the above.

______________ is the amount of sales to customers that an organization generates during the particular financial reporting period, reduced by any sales returns or other discounts.

• Cost of goods
• Losses
• Assets
• Revenue

Based on the presented information, Ford Motors is a __________ business.

• profitable
• unprofitable
• unstable
• highly leveraged