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Course Code ACT 501 Course Title Financial and Managerial Accounting Complete the given below Income statement & write the formula with your correct answers. Income
Course Code | ACT 501 |
Course Title | Financial and Managerial Accounting |
Complete the given below Income statement & write the formula with your correct answers.
Income Statement
Items | $ |
Revenue | 5000 |
Cost of Goods Sold (COGS) | .......................... (A) |
Gross Income/Margin | 3000 |
Expenses: | |
Marketing & Promotions | 300 |
General & Administrative | 400 |
Depreciation | 100 |
Interest Paid | 200 |
Total Expenses | 1000 |
Earnings Before Tax | ............................. (B) |
Taxes | 500 |
Net Income | .............................. (C) |
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