What are the major categories within an income statement?
A) Operating costs and profits, investing costs and profits, and financing costs and profits
B) Current revenue, long-term revenue, and net revenue
C) Revenue, sales, and income
D) Assets, liabilities, and owners' equity
E) Revenues, cost of revenues, operating expenses, and net income
Answer: E
Explanation: E) An income statement shows the financial results that occurred during a period of time, such as a month or a quarter or a year.
You might also like to view...
A sales commission is an example of a ______ compensation plan.
A. pay-for-knowledge B. profit-sharing C. gainsharing D. pay-for-performance E. Scanlon
Control over resources is the basis for two critical pieces of the coalition formation process: what each member brings to the coalition and
A. what each member should receive if the coalition forms. B. when local threats are present. C. the network of connections each member brings to the coalition. D. what form of power each member holds.
A market is the set of actual and potential buyers of a product or service
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Space to expand is a critical success factor associated with the decision to locate in a particular region. 2. Proximity to raw materials is a critical success factor associated with the decision to locate on a particular site. 3. Fixed costs are those costs that remain constant regardless of the volume produced. 4. A contributor to distribution costs is the quality of the product shipped.