The normal income statement which
constitutes one of the financial statements of a company, is financial income
statement. So functional income statement is an income statement that segregates
all costs by use ; it shows revenues less cost of goods sold ( gross margin)
less selling and administrative expenses. This approach is useful for financial
reporting purpose ; it provides outsider readers with information about
company’s progress and about which functional areas are being emphasized. For
management’s use in the
更多"Directions: Read the following pass"的相关试题:
[单项选择] Directions: Read the following passages and
determine whether the sentences are "Right" or "Wrong". If there is not enough
information to answer " Right" or "Wrong", choose "Doesn’t say". {{B}}Passage
One{{/B}}
When you buy a house, it is likely that
you will be able to borrow a large part of the cost from a building society,
when the solicitors close the deal. It is usual, however, to put down a deposit
of 10% of the cost several weeks earlier when the price is agreed. Banks will
often help with bridging loans for this purpose, against the solicitor’ s
undertaking to repay them on completion of the deal. In the same
way banks will often make bridging loans to investors, against the security of
their investments, when money is required to pay for the purchase of shares
before it is available from the sale of other sh
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