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3 years ago

I identify the different names given to the income statement.

1 answer:

5 0

<h2>The other name for "income statements" are:</h2><h2>profit and loss statement, P&L, statement of earnings, or statement of operations.</h2>

Explanation:

An income statement is the most important "financial statements" which has the ability to show to the company's financial performance over a specific accounting period.

It includes the expenses, revenue and also the net income or loss for a particular accounting period.

Revenue is earned and also reported to the statement of operations / income statement.

Definition of the term:

Revenue: Money received through sale of products or services

Uses of income statement:

To determine the operating performance of your business over a period of time

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Answer:

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3 years ago

Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square

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Answer:

Direct Materials = $969,000

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Finished Goods = ($2,000)

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Explanation:

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Direct Labor = $699,400

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