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Enumerate the five parts of cost of goods sold section of income statement of manufacturing business?
1) Materials
opening stock
+ Purchase
- return
- discount
- closing stock
2) Direct labor
3) Factory over head
4) Cost of good manufacturing
+ working in process
goods available for manufacturing
- work in process closing
5) Cost of goods manufactured
+ work in process opening
- work in process closing
Cost of good sold
What else can I help you with?
Is common stock included in income statement?
Common stock is that amount which invest by third party investors in business and a capital for business and liability for business and like all other liabilities shown under liabilities section of balance sheet it is also shown under liabilities section of balance sheet and not in income statement.
What do you call a section of the business world that produces clothing?
The section of the business world that produces clothing is known as the apparel industry. This industry includes activities related to the design, manufacturing, and sale of clothing and accessories.
Where do common shares go on financial statement?
Common share are part of equity of business that's why shown in equity section of balance sheet.
How abnormal loss in income statement?
abnormal loss is part of income statement and shown under other losses section or abnormal losses section of income statement.
Where do supplies go in income statement?
Supplies are those items which purchased in bulk to be used during the operations of business so it is current asset and shown under current asset section of balance sheet and not part of income statement.
What statement does the notes payable go on?
Notes payable is same like accounts payable a liability of business and it is shown under current liability section of balance sheet.
What is the first section on an income statement?
Revenue
What is the correct order for Rogerian Argument Your argument Introduction Benefits to Society Conditions Section Conclusion SolutionCompromise Section Opposition's argument?
Introduction, Summary of Opposing Views, Statement of Understanding, Statement of Your Position, Statement of Context and Statement of Benefits.
Where do start up costs belong on cash flow statement?
I believe they would be included in the Investing section of the CF statement. Loan origination or other bank expense fees might be included in the Financing section, but ideally start up costs are a cash-flow directly into your business operations, and therefore an investment cash-flow.
Does Capital Stock go on Income Statement?
capital stock is liability for business and like all other liabilities it is also shown under liability section of balance sheet.
Where does dividend revenue go on a multiple-step income statement?
Dividend revenue is shown as other revenue section of profit and loss section of income statement.
What type of revenue is reported in the other income section of the multiple step income statement?
unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues. unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues Looking after a customer, particularly a customer who places allot of business with you so that you keep and grow that business and the relationship you have with the customer (to stop them going
