A quarterly income statement is a form that can force an entrepreneur to keep track of the gains and losses from their company over the course of three months. It is also referred to as the profit or loss account.
It is a financial statement that lists both the business's expenses and potential profits. It will include information about your three-month earnings in total. It demonstrates how your revenues can be turned into earnings.
By balancing the accounting books, the quarterly income statement may be calculated. You are required to make this type of statement while taking into account the company's financial stability. A Microsoft Word template or an Excel template is a fantastic place for you to start when preparing an quarterly income statement . You must thoroughly examine your company's performance in corporate finance, and you can only accomplish that by determining your company's income. In addition to a balance sheet, you must calculate your net income and evaluate your earnings.
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Answer:
The statement which is false is D) .
Explanation:
Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .
In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.
A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.
Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.
Answer:
She is using the <u>generic differentiation strategy.</u>
Explanation:
This strategy consists of the differences shown by the product or service offered by the company compared to others that do the same, creating something that is perceptive for people who are looking for something new or are tired of the same things as always.
By including new premium flavors, cones and toppings on the menu, she is giving customers the pleasure of choosing for themselves how their ice cream will taste, what shape it will have, what colors it will have.
