

Accounting Review p2
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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21 questions
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1.
FLASHCARD QUESTION
Front
What is the top line of the Income Statement?
Back
Revenue
2.
FLASHCARD QUESTION
Front
What is the bottom line Income Statement?
Back
Net income or profit
3.
FLASHCARD QUESTION
Front
Which of the following is an operating expense? Equipment, Rent, Depreciation expense, Amortization Expense
Back
Rent
4.
FLASHCARD QUESTION
Front
Revenue - Direct Costs/COGS = ?
Back
Gross Profit
5.
FLASHCARD QUESTION
Front
Gross Profit - Indirect Costs =
Back
EBITDA
6.
FLASHCARD QUESTION
Front
What does EBITDA stand for?
Back
Earnings Before Interest, Taxes, Depreciation, and Amortization
7.
FLASHCARD QUESTION
Front
Earnings before taxes - Taxes =
Back
Earnings after taxes
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