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What else can I help you with?
Cash receipts of interest and dividend revenue are classified as what?
other income and they are found in the income statement
What approach to the income statement organizes costs by function?
traditional approach
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What is a projected income statement?
projected income statement is the estimated income statement to estimate the future business position.
Consolidated income statement?
Consolidated income statement is that statement in which expenses and incomes of subsidiary as well as parents companies shown as a joint in one single income statement.
The traditional income statement organizes costs on the basis of cost behavior?
The traditional income statement organizes costs on the basis of cost behavior
Cash receipts of interest and dividend revenue are classified as what?
other income and they are found in the income statement
How is a loss of unrealized loss reported on an income statement?
If it is classified as an income security (Trading) then it is reported in the Income Statement under Other Rev and Gains. If it is classified as an equity security (A4S) then it is reported on the income statement within Stockholders Equity Section in other comp income until realized.
What approach to the income statement organizes costs by function?
traditional approach
How do you calculate net income from balance sheet?
You can't ! it's a function of the Profit and Loss Statement. Income from previous years will appear on the balance sheet...but Net Income is a P&L Function.
What should rent be classified as on a balance sheet?
Rent is not a balance sheet account, it is an expense, hence an income statement account.
How do you do Income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
The Cost of Goods Sold account is classified as?
Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.
How do you prepare comparative income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
What are the two categories of the income statement?
Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What is a projected income statement?
projected income statement is the estimated income statement to estimate the future business position.
