Which of the following statements regarding the income statement is INCORRECT（）
A. The income statement shows the earnings and expenses at a given point in time
B. The income statement shows the flow of earnings and expenses generated by the firm between two dates
C. The last or “bottom” line of the income statement shows the firm’s net income
D. The first line of an income statement lists the revenues from the sales of products or services
查看答案
The distinguishing feature of a corporation is that（）
A. their is no legal difference between the corporation and its owners
B. it is a legally defined, artificial being, separate from its owners
C. it spreads liability for its corporate obligations to all shareholders
D. provides limited liability only to small shareholders
Gross profit is calculated as（）
A. Total sales – cost of sales – selling, general and administrative expenses – depreciation and amortization
B. Total sales – cost of sales – selling, general and administrative expenses
C. Total sales – cost of sales
D. None of the above
On the balance sheet, current maturities of long-term debt appears（）
A. in the Stockholders’ Equity section
B. in the Operating Expenses section
C. in the Current Assets section
D. in the Current Liabilities section
Dustin’s Donuts experienced a decrease in the value of the trademark of a company it acquired two years ago. This reduction in value results in（）
A. an impairment charge
B. depreciation expense
C. an operating expense
D. goodwill
微信支付 
支付宝支付