Financial statements exam COB 241 with
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correct answers |
Components |of |an |Income |statement |- |✔✔Company |Name |
"Income |statement"
for |the |period |ended |
Revenue/Sales
(COGS)
=Gross |Margin
Operating |expenses:
List |all |operating |expenses |
(total |operating |expense) |
Operating |Income
Non-operating |Revenues/Expenses
Total |Non-operating |
Net |income
All |possible |Operating |expenses |- |✔✔Depreciation |expense
Supplies |expense |
Rent |expense |
Utilities |expense |
Salaries |expense |
Advertising |expense |
Depletion |expense |
Amortization |expense |
Transportation |Out |expense |
Operating |expense |
, Insurance |expense |
Uncollectible |accounts |expense
Non-operating |items |- |✔✔Gain |on |sale |of |an |asset |
loss |on |sale |of |an |asset |
Interest |Revenue
Components |of |Statement |of |changes |in |equity |- |✔✔Company |name |
"Statement |of |changes |in |equity"
for |the |year |ended |
Beginning |Common |stock |
Plus |stock |issued |
Ending |Common |Stock |
Beginning |retained |earnings |(Jan |1st)
Plus: |Net |Income
Less: |Dividends |
Ending |Retained |Earnings |(Dec |31st) |
Total |Stockholders |Equity
Components |of |Balance |Sheet |- |✔✔Company |name |
"Balance |Sheet"
As |of |
Assets: |
List |all |assets |
(AFDA |and |Accumulated |Depreciation) |
Total |Assets |
Liabilities: |
List |all |liabilities
Total |liabilities
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correct answers |
Components |of |an |Income |statement |- |✔✔Company |Name |
"Income |statement"
for |the |period |ended |
Revenue/Sales
(COGS)
=Gross |Margin
Operating |expenses:
List |all |operating |expenses |
(total |operating |expense) |
Operating |Income
Non-operating |Revenues/Expenses
Total |Non-operating |
Net |income
All |possible |Operating |expenses |- |✔✔Depreciation |expense
Supplies |expense |
Rent |expense |
Utilities |expense |
Salaries |expense |
Advertising |expense |
Depletion |expense |
Amortization |expense |
Transportation |Out |expense |
Operating |expense |
, Insurance |expense |
Uncollectible |accounts |expense
Non-operating |items |- |✔✔Gain |on |sale |of |an |asset |
loss |on |sale |of |an |asset |
Interest |Revenue
Components |of |Statement |of |changes |in |equity |- |✔✔Company |name |
"Statement |of |changes |in |equity"
for |the |year |ended |
Beginning |Common |stock |
Plus |stock |issued |
Ending |Common |Stock |
Beginning |retained |earnings |(Jan |1st)
Plus: |Net |Income
Less: |Dividends |
Ending |Retained |Earnings |(Dec |31st) |
Total |Stockholders |Equity
Components |of |Balance |Sheet |- |✔✔Company |name |
"Balance |Sheet"
As |of |
Assets: |
List |all |assets |
(AFDA |and |Accumulated |Depreciation) |
Total |Assets |
Liabilities: |
List |all |liabilities
Total |liabilities
