Understanding Income Statements

What is the English term for 'laporan rugi laba'?

• financial report

• balance sheet

• cash flow statement

• income statement

How do you calculate net income from an income statement?

• Net Income = Total Revenues + Total Expenses

• Net Income = Total Revenues - Total Expenses

• Net Income = Total Expenses - Total Revenues

• Net Income = Total Revenues / Total Expenses

What is the purpose of an income statement?

• To summarize the company's market share.

• To calculate the total assets of a company.

• To provide a detailed breakdown of cash flow.

• The purpose of an income statement is to provide a summary of revenues and expenses to determine net profit or loss.

How is revenue recognized in an income statement?

• Revenue is recognized when earned and realizable, typically upon delivery of goods or services.

• Revenue is recognized at the end of the fiscal year.

• Revenue is recognized based on customer feedback.

• Revenue is recognized only when cash is received.

What is the difference between operating income and net income?

• Operating income is the same as net income.

• Operating income focuses on core business operations, while net income includes all revenues and expenses.

• Net income only considers operating expenses.

• Operating income includes all revenues and expenses.

How to say "Pendapatan" in English?

• Gross Profit

• Net Income

• Revenue

The english of Harga Pokok Penjualan

• Operating income

• Cost of good sold

• Opearting expenses