1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sh

Question

1 year ago

7

eet for each company.

1 answer:

vagabundo [1.1K] · Answer 1 · 2023-11-09T01:06:29+03:00

There are three main parts of income statements and they are:

<h3>What is an Income Statement?</h3>

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

Read more about income statements here:

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