Part One-Iilentifying Accounting Terms

Part Tztso-Analyzing nn Incoflxe StatemerrtDirections: The parts of the income statement below are identified withcapital letiers. Decide the lo.ation of each of the fotlowing items P nt theletter identifying your choice in the Answers colurnn.cDE I NGHILloPAnswers@p. !76-178)30 . study Guide CENTURY 2l AccouNTrNG, 7IH EDlTloN1. Date of the income statement.1.2. The amount of net income or net loss.3, Business name.4. Expense account balances.3.4.5, Expense account titles-5. Heading of expense section.7. Heading of revenue section.6.7-8. Net income or net loss comPonent Percentage.9.10.11.Revenue account title,Sales component percentage.Statement name.10,11.12. Total amount of revenue.13. Total expenses component percentate.14. Words Nef hcome or Ner loss.15. words Total Expefises.72-13.L4.15.