Cumulated profits not distributed

are constitutive of…

Is the following true or false?

Retained profits belong to the owners of the company who can decide at an

annual general meeting to repatriate them.

Financial analysis identifies

four levels of profit in the P&L statement, namely gross profit, operating

profit, ________ and _________. Which two terms are missing?

Which of the following charges is

the most likely to involve some judgment form the accountants?

Determine if each

of the following items have an influence on the company’s NET PROFIT appearing in the INCOME statement :

Depreciation and

amortization?

Determine if each

of the following items have an influence on the company’s net profit:

Cash purchase of

fixed assets

Determine if each

of the following items have an influence on the company’s net profit :

Recognition and

payment of salaries

Determine if each

of the following items have an influence on the company’s net profit :

Disposal for

cash of an asset at its book value

Determine if each

of the following items have an influence on the company’s profit appearing in the income statement :

Corporate income tax?

Determine if each

of the following items have an influence on the company’s profit :

Capital increase

through cash contribution?