When eypenses excoud nevenues, which of the following is true?

Which of the following is an acee?

a$.$ Mortgage payable

b$.$ Investments

c$.$ Common stock

d$.$ Retained camings

Which of the following is not a liability?

a$.$ Uneamed Service Revente

b$.$ Accounts Payable

c$.$ Accounts Receivable

d$.$ Interest Payable

Which of the following financial statements is divided into major categories of operating, investing. and financing activities?

a$.$ The income statement.

b$.$ The balance sheet.

c$.$ The retained earnings statement.

d$.$ The statement of cash flows.

Which of the following statements is true?

a$.$ Amounts received from issuing stock are revenues.

b$.$ Amounts paid out as dividends are not expenses.

c$.$ Amounts paid out as dividends are reported on the income statement.

d$.$ Amounts received from issued stock are reported on the income statement.

Finney Company began the year by issuing $$80,000$ of common stock for cash. The company recorded revenues of $$740,000,$ expenses of $$640,000,$ and paid dividends of $$40,000.$ What was Finney's net inces a$.$ $$60,000$ b$.$ $$140,000$ e $$100,000$

c$.$ $$100,000$ d$.$ $$180,000$