Multi step income statement
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6 Terms
1
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Sales revenue- cogs
gross profit equation
2
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gross profit- operating expenes
operating income equation
3
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operating income- non operating income
income before tax equation
4
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revenues and expenses, gains and losses
non operating income
5
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income before taxes - income tax expense
net income equation
6
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income less tax - discontinued operations
net income equation w/ discontinued ops
Note 
Flashcards (39)