Income Statement Multiple Choice Questions
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If you have difficulty answering the following questions learn more about this topic by reading our income statement explanation.
Income statement multiple choice questions. Which of the following would be included in operating income. For fill in the blank questions press or click on the blank space provided. About this quiz worksheet. Gross sales and sales discounts ans.
Multiple choice questions for income statements. Sales and cost of goods sold d. Our income statement quiz contains 10 multiple choice questions with a time limit of 15 minutes. Interest income for a manufacturing firm b.
Our quiz and worksheet is made up of questions on the operations of an income statement that you can access from any mobile device or computer at your leisure. Try another double entry bookkeeping quiz. Revenues and expenses c. How much will appear in the statement of cash flows for the year ended 31.
For multiple choice and true false questions simply press or click on what you think is the correct answer. No frames version chapter 4. Expanded accounting equation quiz. Gross profit is the difference between.
For beginner to intermediate levels. Skip breadcrumb navigation home. This quiz is a 15 minute timed test consisting of 10 multiple choice questions and will test you on the theory above as well as the components of the income statement and various calculations including incomes expenses gross and net profit. Multiple choice questions.
Net income and operating income b. The balance sheet and income statement quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping discover another at the links below. Income from continuing operations and discontinued operations e. Yellow co s 2002 income statement reported 90 000 income before provisions for income taxes.
The amount charged in the income statement for the year ended 31 december 2005 in respect of income tax was 60 000. Statement of financial position and income statement 1.
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