Question

The parts of the income statement shown here are identified with capital letters and listed in the accompanying table. Determine the location and match the letter to each part listed in the table.

ZO

1. Date of the income statement ___
2. Heading of expenses section ___
3. Statement name ___

4. Expense account titles ___

5. Expense account balances ___

6. The amount of net income or loss ___
7. Heading of revenue section ____

8. Net income ratio (or return on sales) _____

9. Revenue account title _____

10. Words Total Expenses _____

11. Business name ___

12. Total amount of revenue ___

13. Total amount of expenses ___

14. Words Net Income or Loss ____

15. Total expenses ratio ____

Answer 1

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1. Date of the income statement ___	C
2. Heading of expenses section ___	G
3. Statement name ___	B
4. Expense account titles ___	H
5. Expense account balances _	I
6. The amount of net income or loss ___	M
7. Heading of revenue section ____	D
8. Net income ratio (or return on sales	O
9. Revenue account title _____	E
10. Words Total Expenses _____	J
11. Business name ___	A
12. Total amount of revenue ___	F
13. Total amount of expenses ___	K
14. Words Net Income or Loss ____	L
15. Total expenses ratio ____	N