Task 2 （20 points) 完成《会计英语实训教程》page122 Ⅴ...

Task 2 (20 points) 完成《会计英语实训教程》page122 Ⅴ【在书上直接作答并标注出加粗短语的含义-拍照-在附件里提交】 Translate the following sentences into Chinese. 1. An income statement is a financial statement that summarizes the profitability of a business entity for a specified period of time. 2. In this statement, net income is determined by comparing the sales prices of goods or services sold during the period with the costs incurred by the business in delivering these goods or services. 3. In a technical sense, the income statement is subordinate to the balance sheet. This is because it shows the items in detail that collectively account for most of the period's net change in only one balance sheet item, retained earnings. 4. The technical accounting terms for these components of net income are revenue and expenses. Therefore, accountants say that net income is equal to revenue minus expenses. 5. Remember that the balance sheet expresses the company's financial position at a point in time, but the income statement shows the inflows and outflows of a company's resources over a period of time.