Income Statement Game

Froggy Jumps

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Income Statement Vocabulary

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Jenkins, Jaiveon D

United States

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Income Statement Game


Froggy Jumps Income Statement GameOnline version Income Statement Vocabulary by Jenkins, Jaiveon D 1 What term refers to the net outcome of a business? a Revenue b Cash flow statement c Bottom line 2 Which statement summarizes when and how much money will flow in and out? a Balance sheet b Cash flow statement c Income statement 3 What is the process of comparing a business's income statement with competitors? a Cash flow analysis b Competitive analysis c Financial ratio 4 The amount a business pays for the product it will sell is known as? a Operating expenses b Cost of goods sold c Revenue 5 Who are individuals or businesses the company owes money to? a Customers b Creditors c Investors 6 What is another name for the income statement? a Balance sheet b Earnings statement c Cash flow statement 7 Money that a business spends is called? a Profit b Revenue c Expense 8 The tool created by comparing numbers from financial statements? a Financial ratio b Gross profit c Ratio 9 Money left after cost of goods is subtracted from total income? a Gross profit b Revenue c Net income 10 Money earned by the business; income from selling goods or services. a Cost of goods sold b Revenue c Expense 11 Bottom Line a Net Outcome b Money that a business spends c Income left once all expenses are paid 12 What is Ratio a The comparison of two numbers from a business’s financial statement. b A comparison created when one number is divided into another c Another name for an income statement 13 A cash flow statement a A summary of a business’s income and expenses over a period of time b A financial summary estimating when, where, and how much money will flow into and out of a business c Another name for an income statement

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Income Statement Game

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Income Statement GameOnline version

by Jenkins, Jaiveon D

What term refers to the net outcome of a business?

Which statement summarizes when and how much money will flow in and out?

What is the process of comparing a business's income statement with competitors?

The amount a business pays for the product it will sell is known as?

Who are individuals or businesses the company owes money to?

What is another name for the income statement?

Money that a business spends is called?

The tool created by comparing numbers from financial statements?

Money left after cost of goods is subtracted from total income?

Money earned by the business; income from selling goods or services.

Bottom Line

What is Ratio

A cash flow statement