I believe that there are a couple mistakes on my exam #2 for course BU340.
#5 - was marked incorrect, but I think my answer was the correct one. the bottom line of the income statement is net income, therefore, you subtract different expenses until you arrive at the net income.
#10 - was marked incorrect but is, in fact, correct. It is the exact same question as #1 and the answer I selected is the exact same answer as #1. I have the text in the book to back this answer up as true as well.
Please review and let me know once my grade has been corrected.
Thanks,
Corey