Which description of revenue in an income statement is correct?

A business has cost of sales of £46,000 and gross profit of £29,000. What is its revenue?

Which sequence correctly shows how the main figures in an income statement are used?

A retailer's office rent increases, while its revenue and cost of sales remain unchanged. How will this affect its income statement?

A company earns a profit of £36,000. It pays £7,000 in tax and distributes £11,000 as dividends. What is its retained profit?

Business A has revenue of £100,000, cost of sales of £60,000 and expenses of £25,000. Business B has revenue of £90,000, cost of sales of £45,000 and expenses of £35,000. Which comparison is correct?

An income statement accidentally leaves out £8,000 of cost of sales. All other figures are correct. What effect will this error have?

Study the income statement extract in the figure. What heading should replace X?

Use the income statement flow diagram to calculate the amount that belongs in the final blank box.