Question
Please construct an income statement using the given amounts and template below. Constructing an Income Statement Cost of goods sold Eamings taxes $10.077.ooo,ooo Shares outstanding
Please construct an income statement using the given amounts and template below.
Constructing an Income Statement Cost of goods sold Eamings taxes $10.077.ooo,ooo Shares outstanding 413,000,000 Revenues (sales) Common stock dividends Income taxes STEP 1: Picture the problem The income statement can be visualized as a mathematical equation using Equation as follows: Revenues - Expenses = Profit Revenues Less: Equals: Less: Equals: Less: Equals: Less: Equals: Cost of goodS sold Gross profit Operating expenses Net operating incorne Interest expense Earningsbofore taxes "lncorTY 'takes
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