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Put together a multiple-step income statement using the following dropdown boxes. [ Select ] [Cost of Goods Sold, Operating Expenses, Net Income, Net Sales] $152,000
Put together a multiple-step income statement using the following dropdown boxes.
| [ Select ] ["Cost of Goods Sold", "Operating Expenses", "Net Income", "Net Sales"] | $152,000 |
| Less: [ Select ] ["Interest Expense", "Selling Expenses", "Cost of Goods Sold", "Net Sales"] | (87,000) |
| [ Select ] ["Gross Profit", "Operating Income", "Net Income", "Income Before Taxes"] | 65,000 |
| [ Select ] ["Net Income", "Gross Profit", "Interest Expense", "Operating Expenses"] : | |
| [ Select ] ["Gross Profit", "Income Tax Expense", "Net Income", "Selling Expenses"] | 13,000 |
| [ Select ] ["Administrative Expenses", "Net Income", "Cost of Goods Sold", "Gross Profit"] | 17,000 |
| [ Select ] ["Gross Profit", "Other Revenues/(Expenses)", "Income Before Taxes", "Operating Income"] | 35,000 |
| [ Select ] ["Gross Profit", "Other Revenues/(Expenses)", "Income Before Taxes", "Net Income"] | |
| [ Select ] ["Interest Expense", "Administrative Expenses", "Selling Expenses", "Income Tax Expense"] | (1,000) |
| [ Select ] ["Income Tax Expense", "Net Sales", "Net Income", "Income Before Taxes"] | 34,000 |
| [ Select ] ["Cost of Goods Sold", "Net Sales", "Income Tax Expense", "Selling Expenses"] | (12,000) |
| [ Select ] ["Net Income", "Operating Income", "Income Tax Expense"] | $22,000 |
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
