1. Which of the following elements are found on the income statement? Salaries Expense
2. Net income is the excess of revenues over expenses
3. The balance sheet equation is revenues minuses expenses equal net income
4. Which of the following is th
Financial Account Chapter 8 Discussion Questions
1. Plant assets are used in operations and they have useful lives that extends over more than
one accounting period.
2. The general rule for cost inclusion for plant assets are recor
Question 1 (2 points)
Since the sun must rise tomorrow, then the probability of the sun rising tomorrow is
Question 1 options:
1) much larger than one
4) None of the other answers is correct.
Question 2 (2 points)
The symbol show