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1. Which financial statement records the total revenue that a company receives during a year?
The Cash Flow Statement.
The Earnings Statement.
The Balance Sheet.
2. What financial transactions are called “Top Line?”
Total Revenue on the Earnings Statement.
Gross Profit on the Earnings Statement.
Net Income on the Cash Flow Statement.
3. What time period is normally used when creating an Earnings Statement?
Earnings Statements are normally created daily.
Earnings Statements are normally created for a fiscal year, quarter or month.
Earnings Statement is for a point in time, not a time period.
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