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Accounting- Income Statement

  1. Part 1
    • Sales
    • Cost of goods sold (-)

    Gross Margin (=)
  2. Part 2
    • Operating Expenses
    • Selling Expenses (-)
    • Administrative Expenses (-)
    • Depreciation Expenses

    Income From Operation (=)
  3. Part 3
    • Income From Operations
    • Gain on sale of equipment (+)

    Income From Operations (=)
  4. Part 4
    • Income From Operations
    • Income Tax Expense (-)

    Net Income (=)
Author
GoBroncos
ID
356251
Card Set
Accounting- Income Statement
Description
Updated

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