Question
What are the first numeric entries in a typical income statement?
(1 point)
revenue
expenses
cost of goods sold
net income
(1 point)
revenue
expenses
cost of goods sold
net income
Answers
GPT-4o mini
In a typical income statement, the first numeric entry is **revenue**. This is usually listed at the top and represents the total income generated from sales before any expenses are deducted.