Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started