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Which item would be listed first on the income statement? retained earnings net operating income cost of goods sold revenue
Revenue would be listed first on the income statement.
Expert answered|yeswey|Points 3910|
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Asked 1/22/2014 8:32:37 PM
Updated 1/22/2014 10:02:58 PM
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This answer has been confirmed as correct and helpful.
Edited by debnjerry [1/22/2014 10:02:55 PM], Confirmed by debnjerry [1/22/2014 10:02:58 PM]
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Questions asked by the same visitor
Which item would be listed first on the income statement retained earnings net operating income cost of goods sold revenue
Question
Updated 8/22/2014 7:33:18 AM
1 Answer/Comment
Revenue would be listed first on the income statement.
Added 8/22/2014 7:33:18 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/22/2014 7:36:11 AM]
When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firm’s dividends. retained earnings. covenants. net liabilities.
Weegy: When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firms - - D) RETAINED EARNINGS. User: Equity financing is provided by ____ while debt financing is provided by ____. owners, creditors lenders, owners owners provide both equity and debt financing creditors, lenders Weegy: Equity financing is provided by OWNERS, while debt financing is provided by CREDITORS. a. owners, creditors. User: Disadvantages of debt financing include all of the following EXCEPT higher risk than equity financing. double taxation of interest payments. creditors often impose covenants on the borrower. the requirement to make fixed payments. (More)
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Updated 1/24/2014 10:21:08 AM
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