Review - statements 1D

This financial statement shows us the origin and usage of funds

• Income Statement

• Cashflow Statement

• Balance Sheet

• Shareholders´ equity statement

Alternative name for an Income Statement

• Profit & Loss Statement

• Statement of outstanding balance

• Profit Statement

• L&A (losses & acquisitions) Statement

Two key accounts on the Income Statement are:

• cost of goods sold;

  buildings

• revenue; debt

• operating expenses; cash

• cost of sales; revenue

These can represent sources of income, except:

• $ from interest

• $ from regular sales

• $ from a bank loan

• $ from dividends

The following: gas, electricity, telephone bill, Internet are examples of:

• operating expenses

• financial expenses

• future expenses

• extraordinary expenses

The shareholders are considered an _________ user of financial information.

• external

• independent

• irrelevant

• internal

The basic financial statements are:___

• 3

• 5

• 4

• 2

The customers, suppliers, employees and shareholders are examples of:

• stakeholders

• stockholders

• investors

• independent parties

For which user is this statement applicable: "Their income depends on the performance of the business"?

• investors

• employees

• suppliers

• fiscal authority

If we made a sale in February and the customer paid us one part in April and the balance in May, to wihich month does the sale correspond?

• April

• May

• March

• February