Which statement reports revenue and expenses for a period?
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The income statement measures financial performance over a period.
Profit equals revenue minus expenses.
Practice USAT-COM questions with answers and explanations.
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The income statement measures financial performance over a period.
Profit equals revenue minus expenses.
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The cash flow statement explains changes in cash and cash equivalents.
It separates operating, investing, and financing cash movements.
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An asset is a resource expected to provide economic benefits.
Control, rather than legal ownership alone, is central.
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The positive factors of 16 are 1, 2, 4, 8, and 16.
Therefore, it has 5 positive factors.
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Dividing 84 by primes gives 84 = 2 × 2 × 3 × 7.
This is 2² × 3 × 7.
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A prime number has exactly two positive factors: 1 and itself.
The number 29 is not divisible by 2, 3, or 5.
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The common factors of 36 and 48 include 1, 2, 3, 4, 6, and 12.
The greatest of these is 12.
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Multiples of 8 are 8, 16, 24, and so on.
The first multiple also divisible by 12 is 24.
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A number is divisible by 9 when the sum of its digits is divisible by 9.
For 5,832, the digit sum is 18.
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Since 12 × 13 = 156, subtracting gives 157 - 156 = 1.
Thus, the remainder is 1.
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Division and multiplication have equal priority and are performed left to right.
So 48 ÷ 6 = 8, and 8 × 3 = 24.
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Multiplication is performed before addition.
Thus, 3 × 4 = 12 and 5 + 12 = 17.