TACN2

Income statement reports _____

• Earnings per share

• Operating activities

• Cash flow statement

• Balance sheet

To calculate EPS, we take the total _____

• Net income

• Net profit

• Net losses

• No correct answer

The bottom line of cash flow statement shows the _____

• Net increase

• Profit

• Revenue

• Stabilization

Preparation of income statements will be made easier with the aid of a _____

• Trial balance

• Work sheet

• Ledger

• None of the above

Income statements show how much money a company made and spent over a _____

• period of time

• short time

• long time

• current time

Assets are things that a company owns that have _____

• profit

• value

• worth

• losses

Income statement shows _____

• interest income

• net income

• value

• worth

One of three types activities of cash flow is _____

• exchanging

• investing activities

• selling

• buying

On the right side of the balance sheet, they list their _____

• Liabilities

• Assets

• Capital

• None of the above

What is the abbreviation of EPS?