Question
The table below lists, in alphabetical order, items (and the corresponding amounts) excerpted from the Daimler Chrysler consolidated income statement for the accounting year ending
The table below lists, in alphabetical order, items (and the corresponding amounts) excerpted from the Daimler Chrysler consolidated income statement for the accounting year ending on 31 December 1999. All numbers are in millions of Euros (). Cost of sales 118,219 Extraordinary items (net revenue) 640 Financial income 333 Income taxes and minority interests 4,551 Other income 827 Research and development costs 5,737 Revenues 149,985 Selling, administrative and other expenses 17,532 Required: Prepare the income statement in a multiple-step format, showing separately gross margin, income before financial income, income taxes and extraordinary items, income before income taxes and extraordinary items, income before extraordinary items and net income. Is the income statement organized by nature or by function? Submit your assignment in a Word or Excel document and upload to the assignment drop-box.
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