Income Statement Flashcards
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1
Q
Materials
A
revenue
2
Q
Overhead
A
revenue
2
Q
Labor
A
revenue
3
Q
Operating Expenses
A
expenses
3
Q
Gross profit
A
revenue
4
Q
Selling expenses
A
expenses
4
Q
Interest revenue
A
net income
5
Q
Depreciation
A
expenses
6
Q
Administrative expenses
A
expenses
7
Q
Extraordinary Items
A
net income
8
Q
Interest expenses
A
net income
9
Q
Income before tax
A
net income
10
Q
Income taxnet income
A
net income
