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.
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 ____
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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 |
The parts of the income statement shown here are identified with capital letters and listed in...
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