Income statement

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test learning objectives of income statement

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Mahmoud Elgendy

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Froggy Jumps Income statementVersión en línea test learning objectives of income statement por Mahmoud Elgendy 1 What are Revenues in the income statement? a Total earnings from sales before expenses b Cash collected during the period c Net profit after taxes 2 What does COGS stand for? a Charges On Goods Sold b Cost of Goods Sold c Cost of Gross Sales 3 Gross Profit equals Revenues minus what? a Taxes b COGS c Operating expenses 4 Which item is typically subtracted after Gross Profit? a Interest payments b Operating expenses c Dividends 5 What does EBITDA stand for? a Earnings Total Before Income Deductions b Earnings Before Interest, Taxes, Depreciation, and Amortization c Earnings Before Interest, Tax, Depreciation Audit 6 Retained Earnings represent what? a Cash reserves only b Accumulated net profits kept in the business c Total revenue for the period 7 Dividends Paid reduce which balance? a Assets b Liabilities c Retained Earnings 8 Increase in current assets causes ? a Decrease in Cash flow from operating activities b Increase in Cash flow from operating activities c Decrease in Cash flow from investing activities

Froggy Jumps

Income statementVersión en línea

test learning objectives of income statement

por Mahmoud Elgendy

What are Revenues in the income statement?

Total earnings from sales before expenses

Cash collected during the period

Net profit after taxes

What does COGS stand for?

Charges On Goods Sold

Cost of Goods Sold

Cost of Gross Sales

Gross Profit equals Revenues minus what?

Taxes

COGS

Operating expenses

Which item is typically subtracted after Gross Profit?

Interest payments

Operating expenses

Dividends

What does EBITDA stand for?

Earnings Total Before Income Deductions

Earnings Before Interest, Taxes, Depreciation, and Amortization

Earnings Before Interest, Tax, Depreciation Audit

Retained Earnings represent what?

Cash reserves only

Accumulated net profits kept in the business

Total revenue for the period

Dividends Paid reduce which balance?

Assets

Liabilities

Retained Earnings

Increase in current assets causes ?

Decrease in Cash flow from operating activities

Increase in Cash flow from operating activities

Decrease in Cash flow from investing activities

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Income statement

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Income statementVersión en línea

por Mahmoud Elgendy

What are Revenues in the income statement?

What does COGS stand for?

Gross Profit equals Revenues minus what?

Which item is typically subtracted after Gross Profit?

What does EBITDA stand for?

Retained Earnings represent what?

Dividends Paid reduce which balance?

Increase in current assets causes ?

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