Statements of Net Income and Comprehensive Net Income Test Bank (Inter. Accoun.)

Statements of Net Income and Comprehensive Net Income Test Bank and Assessment

This test bank and assessment is covering Statements of Net Income and Comprehensive Net Income Topic which is covered by Intermediate Accounting Module Students. With the help of this test bank set you will be able to assess your students on this topic. Statements of Net Income and Comprehensive Net Income Test Bank Set containing different types of questions such as:

• Multiple Choice questions;
• True/Falls questions;
• Open-ended questions;

Statements of Net Income and Comprehensive Net Income Test Bank will help you to assess following learning objectives of the students:
• Explain the difference between net income and comprehensive income; assess the usefulness and limitations of the income statements.
• Define earnings quality, including permanent and transitory earnings and earnings management.
• Identify the four primary elements on the statement of net income, and explain the nature and functional approaches to classifying items.
• Explain the presentation of the statement of net income, including the multiple-step and single-step income statement formats.
• Define income from continuing operations, including the components of operating income, non-operating income, and the income tax provision.
• Demonstrate the accounting for a discontinued operation, including the criteria used to determine a discontinued operation and presentation on the statement of net income.
• Describe the presentation of net income, noncontrolling interest, and earnings per share on the statement of net income.

Statements of Net Income and Comprehensive Net Income Test Bank and Assessment Set contains 156 questions which will fully cover assessment process on this topic and will make your life easier. All answers to all questions are included which will make checking process faster.
Test bank for Statements of Net Income and Comprehensive Net Income is in the WORD format which will let you make any adjustments if required.

Please leave your feedback once you will use this resource, it will help us to improve our teaching resources!