Ch. 2-Understanding financial Statements. Taxes and cash flows ◎2002, Prentice Hall. Inc
Ch. 2 - Understanding Financial Statements, Taxes, and Cash Flows © 2002, Prentice Hall, Inc
Income statement SALES EXPENSES PROFIT
SALES - EXPENSES = PROFIT Income Statement
Income statement Revenue SALES EXPENSES PROFIT
SALES - EXPENSES = PROFIT Income Statement Revenue
Income statement SALES EXPENSES PROFIT
Income Statement SALES - EXPENSES = PROFIT
Income statement SALES Cost of goods sold EXPENSES PROFIT
Income Statement SALES - EXPENSES = PROFIT •Cost of Goods Sold