Your boss asks you to email a spreadsheet that reflects the profitability of the company by showing its revenue and operating expenses. When sending the email, you MOST LIKELY will attach the file named ________
A) Operating_Budget
B) Income_Statement
C) Balance_Sheet
D) Statement_of_Cash_Flows
E) Capital_Budget
B
Explanation: B) The income statement reflects the profitability of a business by showing its revenue and operating expenses. The difference between the two is the firm's profit or loss. The income statement shows how well a company minimizes its expenses while maximizing its profits.
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Maintaining a set of accounting records is
a. optional. b. required by the Internal Revenue Service. c. required by the Foreign Corrupt Practices Act. d. required by the Internal Revenue Service and the Foreign Corrupt Practices Act.
Which of the following is an order of the court directed at wages owed by an employer where the debtor has an account?
A) garnishment B) writ of execution C) attachment D) injunction