Which of the Following Items Would Be Listed on an Income

question 57

Multiple Choice

Which of the following items would be listed on an income statement?

• A) accounts receivable
• B) cost of goods sold
• C) cash flows from operations
• D) current liabilities

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Definitions:

Residual Income

The amount of income that remains after all personal debts and expenses have been paid.

Minimum Acceptable

The lowest level or standard that is satisfactory or allowable.

Income From Operations

Represents the profit from a company's core business operations, excluding deductions of interest and taxes.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.