【多选题】how will net income be NOT affected by the amortization of a discount on bonds payable ?
A.
interest expense is increased , so net income is decreased
B.
interest expense is decreased , so net income is increased
C.
interest expense is increased , so net income is increased
D.
interest expense is decreased , so net income is decreased
【单选题】The following statements describing net income are all correct except that______.
A.
net income is computed in the income statement, appears in the statement of owner's equity, and increases owner's equity in the balance sheet
B.
net income is equal to revenues minus expenses
C.
net income is computed in the income statement, appears in the statement of owner's equity, and increases the amount of cash shown in the balance sheet
D.
net income can be determined using the account balances appearing in an adjusted trial balance
【单选题】Continue with last question, what is the net effect on net income as a result of consolidating adjustments made in 2017 with respect to the equipment transfer?
A.
Increase net income by $2,000.
B.
Decrease net income by $12,000.
C.
Decrease net income by $10,000.
D.
Decrease net income by $14,000.
E.
Increase net income by $10,000.
【单选题】The net income in the income statement is equal to ______
A.
The cash in the balance sheet
B.
the owners' equity in the balance sheet
C.
the net income in the statement of owners’ equity
D.
the owners’ equity in the balance sheet
【单选题】Net income or net loss are reported on the ( ).
B.
statement of owners ’ equity
【单选题】What is the precise definition of the net income?
A.
The net income just is the gross revenues of a company.
B.
Net income usually measured over the period of a year and measured by deducting expenses from revenues.
C.
The company’s total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses.
D.
An element of the balance sheet.
【单选题】Under the fair value through net income model, holding gains are
A.
recognized in other comprehensive income only.
B.
recognized in either net income or other comprehensive income.
C.
recognized in net income only.