Author Question: The income statement is also called a: a. Profit and loss statement c. Six-month plan b. ... (Read 128 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
The income statement is also called a:
 
  a. Profit and loss statement c. Six-month plan
  b. Statement of cash flows d. Balance sheet

Question 2

Operating profit is the result of relationships among these three factors:
   ___________________ ____________
   ___________________ ____________
   ___________________ ____________
 
  Fill in the blank(s) with correct word



amit

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

a

Answer to Question 2

Net sales, cost of merchandise sold, and expenses



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library