Question
Analyze the horizontal changes in income statement items for Microsoft Corporation over two years: Income Statement Item 2023 ($) 2024 ($) Revenue $100,000 $120,000 Cost
Analyze the horizontal changes in income statement items for Microsoft Corporation over two years:
Income Statement Item | 2023 ($) | 2024 ($) |
Revenue | $100,000 | $120,000 |
Cost of Goods Sold | $40,000 | $45,000 |
Operating Expenses | $30,000 | $35,000 |
Net Income | $20,000 | $25,000 |
Discuss the trends and implications of the changes.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
