Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Who have significant discretion over when a sale can be recorded in an income statement? a. Accountant b. Bookkeeper c. CEO d. CFO Which one

Who have significant discretion over when a sale can be recorded in an income statement?

a.

Accountant

b.

Bookkeeper

c.

CEO

d.

CFO

Which one of the following is the most needed from the accountants?

a.

Experience

b.

Consistency

c.

Reliability

d.

Validity

The income statement has three main categories. In the following, which one is not from these three categories?

a.

Gain

b.

Expense

c.

Profit

d.

Revenue

The revenue minus cost of goods sold is referred as _______.

a.

Net Profit

b.

Gross Profit

c.

Earnings Per Share

d.

Net Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Gapenskis Cases In Healthcare Finance

Authors: George H. Pink

6th Edition

1567939651, 978-1567939651

More Books

Students also viewed these Finance questions