Presentation is loading. Please wait.

Presentation is loading. Please wait.

INCOME STATEMENT INFORMATION ON A WORK SHEET

Published byJane Little Modified over 5 years ago

Similar presentations

Presentation on theme: "INCOME STATEMENT INFORMATION ON A WORK SHEET"— Presentation transcript:

1 INCOME STATEMENT INFORMATION ON A WORK SHEET
Lesson 16-1 INCOME STATEMENT INFORMATION ON A WORK SHEET Copy to Income Statement Lesson 16-1, page 392

2 FIRST TWO SECTIONS OF AN INCOME STATEMENT FOR A MERCHANDISING BUSINESS
1 2 3 1. Write the income statement heading on three lines. 2. Prepare the revenue section. 3. Prepare the merchandise sold section. Lesson 16-1, page 393

3 COMPLETING AN INCOME STATEMENT FOR A MERCHANDISING BUSINESS
4. Calculate the gross profit on sales. 8 5. Prepare the expenses section. 6. Calculate the net income. 4 7. Rule double lines. 8. Calculate the component percentages. 5 6 7 Lesson 16-1, page 394

4 TERMS REVIEW cost of merchandise sold gross profit on sales
Lesson 16-1, page 396

Download ppt "INCOME STATEMENT INFORMATION ON A WORK SHEET"

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.
Financial Statements for a Corporation CHAPTER 15 Financial statements provide the primary source of information needed by owners and managers to make.

Financial Statements for a Corporation CHAPTER 15 Financial statements provide the primary source of information needed by owners and managers to make.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.
© 2014 Cengage Learning. All Rights Reserved. Learning Objective © 2014 Cengage Learning. All Rights Reserved. LO1 Prepare an income statement for a merchandising.

© 2014 Cengage Learning. All Rights Reserved. Learning Objective © 2014 Cengage Learning. All Rights Reserved. LO1 Prepare an income statement for a merchandising.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Prepare an income statement for a service.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Prepare an income statement for a service.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement Component Percentages.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement Component Percentages.
LESSON 15-1 Preparing an Income Statement Mr. Hunter

LESSON 15-1 Preparing an Income Statement Mr. Hunter
Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.

Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.
Preparing an Income Statement.  Financial statements provide the primary source of information needed by owners and managers to make decisions on the.

Preparing an Income Statement.  Financial statements provide the primary source of information needed by owners and managers to make decisions on the.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-4 Responsibility Statements for a Merchandising Business.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-4 Responsibility Statements for a Merchandising Business.
Chapter Seven-Financial Statements Objectives

Chapter Seven-Financial Statements Objectives
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-2 Interim Departmental Statement of Gross Profit.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-2 Interim Departmental Statement of Gross Profit.
LESSON 15-1 Preparing an Income Statement

LESSON 15-1 Preparing an Income Statement
LESSON 4-4 Responsibility Statements for a Merchandising Business

LESSON 4-4 Responsibility Statements for a Merchandising Business
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement  Uses of financial statements  Income statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement  Uses of financial statements  Income statement.
CHAPTER 15 FINANCIAL STATEMENTS FOR A CORPORATION

CHAPTER 15 FINANCIAL STATEMENTS FOR A CORPORATION
Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.

Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.

Similar presentations

Ads by Google