Fill in the blanks with the correct answer by recalling the income statement and the elements of SCI.

_________1. The two elements of financial statement for SCI.
_________2. Formerly known as Income statement
_________3. Includes salaries and utilities.
_________4. Includes rental revenue, sales and service income.
_________5. Best approach for a single proprietorship business.
_________6. Includes gains and losses of a hedging derivatives.
_________7. Income is greater than expenses will give you.
_________8. If expenses is more than net income, you will have
_________9. Includes company name, income and expenses. ​