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2.3 Income Statement

カード 10枚 作成者: milly_barnes_ (作成日: 2015/12/15)

  • income statements are prepared for

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  • 1

    income statements are prepared for

    補足(例文と訳など)

    答え

    • -an economic business entity - for a period or time

    解説

  • 2

    income statement includes

    補足(例文と訳など)

    答え

    • revenues earned for the period expenses incurred during the period

    解説

  • 3

    net income =

    補足(例文と訳など)

    答え

    • revenues - expenses

    解説

  • 4

    income statements can be prepared in what different formats ?

    補足(例文と訳など)

    答え

    • -single step - multiple step - hybrid

    解説

  • 5

    the income statement is also referred to as

    補足(例文と訳など)

    答え

    • -profit and loss statement (p&l) - statement of operations - statement of financial performance

    解説

  • 6

    what is revenue?

    補足(例文と訳など)

    答え

    • -the price charged for providing goods or services - revenue is recognized in the income statement when the good and service is provided cash can be received before, after, or at the same time the good or service is provided

    解説

  • 7

    revenue is recognized when

    補足(例文と訳など)

    答え

    • a good or service is provided

    解説

  • 8

    what is an expense ?

    補足(例文と訳など)

    答え

    • the cost of goods and services used in the process of generating revenues (providing goods or services)

    解説

  • 9

    when are where are expenses recognized ?

    補足(例文と訳など)

    答え

    • when the good or service is used recognized in the income statement -cash can be paid before, after, or at the same time the good or service is used

    解説

  • 10

    the change in owners equity from one balance sheet to the next is partially explained by the

    補足(例文と訳など)

    答え

    • income statement

    解説

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