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How to prepare income statement and a common sized income statement from the following information. Sales $525,000 Cost of goods sold 200,000 General and administrative
How to prepare income statement and a common sized income statement from the following information.
Sales $525,000
Cost of goods sold 200,000
General and administrative expenses 62,000
Depreciation expenses 8,000
Interest expense 12,000
Income taxes 97,200
I just want to be sure
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There are 3 Steps involved in it
Step: 1
Income Statement 1 Revenue Sales 525000 2 Cost of Goods Sold COGS 200000 3 Gross Profit Revenue COGS ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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