Question
selected company- Tesla A - List and describe the various formats available for the preparation of an Income Statement B - Describe the overall objective
selected company- Tesla
A -List and describe the various formats available for the preparation of an Income Statement
B - Describe the overall objective of each format and include descriptions of various subsections and components, if any, of each format. Be sure to discuss the treatment of items that may not appear typically in an income statement.
C -Will every company in the same industry selected use the same format? Why or Why not.
D -Describe how to use the same format for internal and external reporting in the selected industry.
E -Describe how the income statement in that industry integrates with the other financial statements.
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