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Author Question: Which statement about the income statement is true? (Read 93 times)

caca31

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on: Aug 7, 2023
Which statement about the income statement is true?

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The income statement for a given year is designed to give us an idea of how much profit the company made in that year.


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Since neither depreciation nor amortization is paid in cash, EBITDA is a worse measure of financial strength than is net income.


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Other comprehensive income (OCI) is generally a large amount, and all companies have OCI to report.


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Amortization applies to tangible assets, such as plant and equipment, whereas depreciation applies to intangible assets such as patents, copyrights, and trademarks.

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Marked as best answer by caca31 on Aug 7, 2023

AarionnaH

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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caca31

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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