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Income Statement Essentials

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Income Statement Essentials

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Test your understanding of revenue, COGS, and expenses.

Created by

Nesma.Gamal
Nesma.Gamal
Egypt

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Income Statement Essentials
 

Income Statement EssentialsOnline version

Test your understanding of revenue, COGS, and expenses.

by Nesma.Gamal
1

Which category do ice-cream ingredients today belong to?

2

What is typically recorded as revenue?

3

Which item is an expense?

4

Which is part of the income statement?

5

Fuel for the truck is classified as?

6

Which cost goes into COGS?

7

Which sentence is TRUE about COGS?

8

What does Net Income represent?

9

Which item is not part of COGS?

10

Which choice best describes revenue?

 
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