Chapter 23: Income Statements
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16 QuestionsShow answers- Question 130 secondsQ. The Income Statement lists a businesses:answer choices
- Question 230 secondsQ. Which of the following is not a type of revenue?answer choices
- Question 330 secondsQ. A Net Profit occurs if:answer choices
- Question 430 secondsQ. An expense is...answer choices
- Question 530 secondsQ. Net Profit is:answer choices
- Question 630 secondsQ. An income statement is also known as a 'Trading, profit/loss & Appropriation Account'?answer choices
- Question 730 secondsQ. The Financial year is 1st January - 31st Decemberanswer choices
- Question 830 secondsQ. When creating an income statement, the interest on a loan isanswer choices
- Question 930 secondsQ. An income statement isanswer choices
- Question 1030 secondsQ. What happens to the retained profit in the income statement?answer choices
- Question 1130 secondsQ. If Sales = £100000 Cost of Goods = £25000, the Gross Profit will be:answer choices
- Question 1230 secondsQ. If Gross Profit = £75000 Expenses = £72000, the Net Profit will be:answer choices
- Question 1330 secondsQ. If Net Profit=£3000 and government tax=£1000 and dividends paid=£500 then retained profit isanswer choices
- Question 1430 secondsQ. The account in the Income Statement that calculates the Gross Profit is known as:answer choices
- Question 1530 secondsQ. The account in the Income Statement that calculates the Net Profit is known as:answer choices
- Question 1630 secondsQ. The account in the Income Statement that calculates the Retained Profit is known as:answer choices
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