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- 1. Multiple ChoiceTo prepare an Income Statement, your take the information from which columns of the work sheetBalance SheetIncome StatementAdjustments
- 2. Multiple ChoiceManagers and owners use these to make their business decisionsFinancial StatementsGeneral Ledger
- 3. Multiple ChoiceThe difference between total revenue and total expenses is calledTotal AssetsNet Income or Net LossOwner's Capital
- 4. Multiple ChoiceIf total expenses exceed total revenue, a net loss is reportedTrueFalse
- 5. Multiple ChoiceIf total Revenue exceeds total Expenses, a Net Income is reportedTrueFalse
- Answer choicesTagsAnswer choicesTags