placeholder image to represent content

Statement of results of operations.

Quiz by Fiel Martinez

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
9 questions
Show answers
  • Q1
    A revenue transaction results in all of the following except:
    An increase in assets
    An increase in shareholders' equity
    An increase in liabilities
    A positive cash flows in either the past, present or future
    30s
  • Q2
    An income statement communicates information regarding revenues and expenses:
    At a given point in time
    For a period of time
    At the beginning of the fiscal year
    For some point of time in thr future
    30s
  • Q3
    Byrone Co. has the following transactions during the month of August 2020 • Cash received from bank loans P 5,000.00 • Dividends of P 2,000.00 were paid to shareholders in cash • Revenue earned and received in cash amounted to P 4,500.00 • Expenses incurred and paid were P 2,500.00 What amount of net income will be reported in income statement for the month of August 2020? (Use comma and 2 decimal points)
    Users enter free text
    Type an Answer
    300s
  • Q4
    Royal Power Inc, had a P 285,000.00 sales revenue during the year, of the total sales, 4% were returned to the company. Cost of goods sold totaled P 92,000.00. Other expenses for the year were: • Rent P 18,000.00 • Salaries P 26,500.00 • Advertising P 8,500.00 • Utilities P 2,400.00 Compute for the net sales. (use comma and 2 decimal points)
    Users enter free text
    Type an Answer
    300s
  • Q5
    Royal Power Inc, had a P 285,000.00 sales revenue during the year, of the total sales, 4% were returned to the company. Cost of goods sold totaled P 92,000.00. Other expenses for the year were: • Rent P 18,000.00 • Salaries P 26,500.00 • Advertising P 8,500.00 • Utilities P 2,400.00 Compute for the gross pofit. (use comma and 2 decimal points)
    Users enter free text
    Type an Answer
    300s
  • Q6
    Royal Power Inc, had a P 285,000.00 sales revenue during the year, of the total sales, 4% were returned to the company. Cost of goods sold totaled P 92,000.00. Other expenses for the year were: • Rent P 18,000.00 • Salaries P 26,500.00 • Advertising P 8,500.00 • Utilities P 2,400.00 Compute for the total operating expense. (use comma and 2 decimal points)
    Users enter free text
    Type an Answer
    300s
  • Q7
    Royal Power Inc, had a P 285,000.00 sales revenue during the year, of the total sales, 4% were returned to the company. Cost of goods sold totaled P 92,000.00. Other expenses for the year were: • Rent P 18,000.00 • Salaries P 26,500.00 • Advertising P 8,500.00 • Utilities P 2,400.00 Compute for the operating income. (use comma and 2 decimal points)
    Users enter free text
    Type an Answer
    300s
  • Q8
    These are inflows of assets to an entity from delivering or producing goods, rendering services or carrying out other activities.
    Users enter free text
    Type an Answer
    300s
  • Q9
    These are outflows of assets arising from delivering or producing goods. rendering services or carrying out other activities.
    Users enter free text
    Type an Answer
    300s

Teachers give this quiz to your class