Developing Income Statement – Test Your Knowledge
November 11, 2022 12:43 pm Published by Kole SwanserQuiz Summary
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Question 1 of 5
1. Question
The income statement is built over:
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Question 2 of 5
2. Question
The income statement tells us:
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Question 3 of 5
3. Question
TRUE or FALSE? Cash flow drives profitability?
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Question 4 of 5
4. Question
This type of income statement starts with your cash records and makes adjustments based on balance sheet items like prepaid expenses, accounts payable, and depreciation.
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Question 5 of 5
5. Question
Which items would you make an accrual adjustment for?
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This post was written by Kole Swanser