ezequiel2k
15.04.2020 •
Business
A company reports the following amount in its December 31, Year 1, income statement.
Sales revenue $ 275,000
Income tax expense $ 25,000
Non-operating revenue 105,000
Cost of goods sold 185,000
Selling expenses 55,000
Administrative expenses 35,000
General expenses 45,000
Prepare a multiple-step income statement.
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Ответ:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold ($185,000)
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses ($55,000)
General Expense ($45,000)
Operating Income ($44,800)
Non-Operating Revenue $105,000
Operating Income before tax $60,200
Income taxes ($25,000)
Operating Income after Tax $35,200
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Ответ:
can't understand
Explanation:
use English dear