ACCT2121 Exam 2 Multi-Step Income Statement

?
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

Sales Revenue

Sales Revenue
?
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

(COGS)

Sales Revenue
(COGS)
————————————————
?
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

Gross Profit

Sales Revenue
(COGS)
————————————————
Gross Profit
?
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

(Operating Expenses)

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
?
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

Income from Operations

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
?
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

+Nonoperating Revenues & Gains

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
?
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
Net Income after Taxes

(Nonoperating Expenses & Losses)

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
?
(Income Tax Exepense)
————————————————
Net Income after Taxes

Net Income before Taxes

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
?
————————————————
Net Income after Taxes

(Income Tax Expense)

Sales Revenue
(COGS)
————————————————
Gross Profit
(Operating Expenses)
————————————————
Income from Operations
+Nonoperating Revenues & Gains
(Nonoperating Expenses & Losses)
————————————————
Net Income before Taxes
(Income Tax Exepense)
————————————————
?

Net Income after Taxes