Income Statement Multiple Choice Quiz

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.

Income statement multiple choice quiz. About this quiz worksheet. 2 19 add solution to cart remove from cart. Yellow co s 2002 income statement reported 90 000 income before provisions for income taxes. Test your knowledge of the financial statements with multiple choice questions and quizzes.

For multiple choice and true false questions simply press or click on what you think is the correct answer. The solution answers 40 multiple choice questions related to balance sheet income statement perpetual invenotyr system periodic inventory system bank reconciliation etc. 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. Try another double entry bookkeeping quiz.

Standard detailed expanded multi step. For fill in the blank questions press or click on the blank space provided. Expanded accounting equation quiz. Rent received in advance 16 000 income.

Cobalt co s income statement shows service revenue of 64 000 salaries and wages expense of 40 000 and net income of 1 600 the other expenses on cobalt s income statement must equal. For beginner to intermediate levels. To compute the provision for federal income tax the following 2002 data are provided. Test your knowledge of the financial statements with multiple choice questions and quizzes.

Income statement format that separates cost of goods sold into categories.