Income Statement Equations

A company had net sales of BD500,000 and its gross profit was BD200,000. Its cost of goods sold equals:

Evaluate responses using AI:

OFF

A company had Fees earned BD1000/ Fright Out BD200/ Import tax BD300/ Rent expense BD600 and Carriage–In BD500.

The total operation expense equals:

• BD2600

• BD1800

• BD1600

• BD800

A company had Fees Income BD500/ Carriage-out BD200/ Import tax BD100/ Insurance expense BD700 and Carriage–In BD200.

The total expense on purchases equals:

• BD1100

• BD1800

• BD400

• BD600

A company had cost of goats available for sale BD65,000 and total cost of purchases BD24,000.

Its opening inventory equals:

Evaluate responses using AI:

OFF

If Khalid Est. Has gross profit BD 6000, Interest revenue BD 1000 and Total expenses BD 4000, then the result is:

• Net Profit BD3000

• Net Profit BD11,000

• Net Loss BD2000

• Net Loss BD4000

If a company had Income before tax BD85,300 using a tax rate 5% its net income will be:

• BD81,035

• BD89,565

• BD85,300

• BD4265

Net sales amount is equal to:

Evaluate responses using AI:

OFF

Net purchases amount is equal to:

Evaluate responses using AI:

OFF

Cost of goods available for sale amount is equal to:

Evaluate responses using AI:

OFF

Gross profit amount is equal to:

Evaluate responses using AI:

OFF