Author Question: Which of the following items may be included on all income statements at yahoo.finance.com, even ... (Read 26 times)

Alygatorr01285 · **on:** Jul 10, 2018

Which of the following items may be included on all income statements at yahoo.finance.com, even though they may not be part of an individual company's income statement for that year?

A) Cost of Revenue and Extraordinary Items
B) Goodwill and Effect of Accounting Changes
C) Effect of Accounting Changes and Deferred Long-Term Asset Charges
D) Cost of Revenue and Treasury Stock

Question 2

In the years following the global economic recession of 2007-2009, the unemployment rate for college graduates was approximately ________ high school graduates.

A) the same as
B) twice as large as
C) half the rate of
D) one-quarter the rate of

sabina576 · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

Answer: A
Explanation: A) In the presentation of the income statement at yahoo.finance.com, you will find Cost of Revenue, not cost of goods sold, with depreciation expense included in Cost of Revenue. You can also find other items that may not be part of a company's income state for the year such as Minority Interests, Effect of Accounting Changes, and Extraordinary Items.

Answer to Question 2

Answer: C