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