This topic contains a solution. Click here to go to the answer

Author Question: Revenues - cost of goods sold - expenses = net income characterizes which financial statement? A) ... (Read 134 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
Revenues - cost of goods sold - expenses = net income characterizes which financial statement?
 A) Balance sheet
  B) Statement of retained earnings
  C) Statement of cash flows
  D) Statement of financial position
  E) Income statement

Question 2

A physical therapy clinic with eight therapists provides a service. As producers of a service, the clinic:
 A) uses more raw material than if they were producing a good.
  B) can produce their service for delayed consumption.
  C) can count the number of rejects from their production run.
  D) uses a process that is labor intensive.
  E) utilizes only material resources.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

E

Answer to Question 2

D




c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

For a complete list of videos, visit our video library