Either Flow or snapshot are the options

2.

Identify the if each of the following best describes EBIT, EBITDA, EBT, or net income. (1)

• Operating income? EBT/EBIT/EBITDA/Net Income
• Taxable income? EBT/EBIT/EBITDA/Net Income
• Best estimate of cash flows? EBT/EBIT/EBITDA/Net Income
• The normal bottom line? EBT/EBIT/EBITDA/Net Income
• For this class, the most important number on an income statement? EBT/EBIT/EBITDA/Net Income

3.The top half of the income statement is referred to as the ____ ______ section while the bottom half of the income statement is referred to as the ___ _______ section. (1)

Possible Answers

Accounting

Financial

Managerial

Operating

Mach each financial statement with the correct statement type. Balance sheet Statement of retained earnings > Statement of cash flows > Income statement