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Multi step income statement Advertising Expense Depreciation- Office Equipment Delivery Expense A. Selling Expense Sales Discounts B. General & Administrative Expense Dividend revenue C. Net

Multi step income statement

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Advertising Expense Depreciation- Office Equipment Delivery Expense A. Selling Expense Sales Discounts B. General & Administrative Expense Dividend revenue C. Net Sales Loss on sale of Office Equipment D. Other Revenues Income Tax E. Other Expenses F. Income From Continuing Operations Loss on sale of Component of Business G. Discontinued Operations Tax benefit from loss on sales of Business Component H. Not Reported in Income Statement Deprecation expense omitted from prior years Income Statement, discovered in current year. Bad Debt Expense

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