Statements

Revenue = cost of production x quantity sold

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• 

Net profit is the difference between gross profit and...

An income statement is produced by...

• Government

• Employees

• Managers

• Shareholders

Examples of current assets are...

Current liabilities are long-term debts.

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• 

By law, limited companies must produce a statement of financial position every...

• year

• six months

• 3 months

• 3 years