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Your name and surname + your telegram nick (@ivanivanov) *
Listen carefully and answer the questions.
1. Which of the following names is NOT associated with the Profit and Loss statement? *
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2. The P&L statement heading will specify which of the following? *
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3. Amounts earned by a company in its main operating activities are *
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4. A company disposes of equipment that it no longer uses in its business. The amount received by the company is more than the amount the asset is carried at in the accounting records. The company will report a(n) *
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5. On December 1 a company borrowed $100,000 at 12% per year. The interest will be paid quarterly, with the first payment due on March 1. What should the company report on its income statement for December? *
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