Author Question: The income statement is also called a: a. Profit and loss statement c. Six-month plan b. ... (Read 187 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?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

For a complete list of videos, visit our video library