Which of the Following Is True of Income Statement Accounts

question 28

Multiple Choice

Which of the following is true of income statement accounts?

• A)Costs incurred to help generate revenue are only reported as expenses on the income statement if they are paid in cash in the same period as the revenue received.
• B)Revenue accounts are shown after the amount of expense accounts on the income statement.
• C)Revenue accounts include accounts receivable,unearned revenue and cash accounts.
• D)There is no net income account.

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Definitions:

Cognitive-behavioral Therapy

A therapeutic approach that addresses maladaptive behaviors and thoughts through systematic procedures, aiming to change patterns of thinking or behavior that underlie people's difficulties.

Psychoanalysis

A therapeutic approach that explores unconscious conflicts and desires, originally developed by Sigmund Freud.

Contextual Therapies

Refers to a range of therapeutic approaches that consider the context or environment in which a person lives and how it impacts their mental health.

IPT Label

Refers to the categorization or identification of Interpersonal Therapy within therapeutic models.