Which is the correct accounting equation?

Revenue - Expenses = what?

Net profit margin =

A firm with a low profit margin indicates __________________?

The matching principle is:

True or False? Charitable organizations that are required to publish financial statements do not produce income statements. Instead they publish statement of activities.

When a company files a statement of their financial plans for the next two years with the SEC, it is called a ______.

What is historical value?

How does Gross Income differ from Net Income?

What does the Balance Sheet reflect?

Which transaction is a non cash event but would be disclosed in the notes of the Statement of Cash Flows?