Income Statement
Authored by Phaik Gek Lim
Other
10th Grade
Used 873+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 12 pts
The Income Statement lists a businesses:
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of an income statement?
calculate the bank balance
calculate net assets
calculate sales
calculate net profit
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following means money spent?
income
expense
net income
gross income
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following means money received?
net loss
net gain
insurance
income
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Examples may include salaries, utilities, rent, insurance, and office supplies.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which one is not an expense?
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Gross profit is calculated by...
Revenue - Total Costs
Revenue + Variable Costs
Revenue - Cost of Sales
Revenue - Fixed Costs
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
