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Trying to develop an Income Statement for a group project. The assignment lists some operating and non-operating costs and says they are for the income
Trying to develop an Income Statement for a group project. The assignment lists some operating and non-operating costs and says they are "for the income statement". Then it lists a bunch of "other financial data" including proceeds from equipment sales, purchases of equipment, repayment of a note payable, I'm trying to determine if this "other financial data" also goes into the income statement? I know it applies to the other statements, but specifically does it go in the INCOME STATEMENT?
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