Income statement - what's cost of goods for resale?
please provide sites for how to do an income statement if the information is provided i.e. sales, cost of goods for resale,... How do you organize an income statement?
Answer:
Hi cutie. The following is an income statement prepared in International Financial Reporting Standards (IFRS)
Net Sales
Cost of Sales
Gross Operating Profit
Operating Expenses
Net Operating profit
Other income and profit
Other expenses and losses
Financial income/expenses, net
Loss/income from associates, net
Income before tax and minority interest
Minority interest
Income before tax
Taxes
Net income
The Cost of Goods for resale is the cost of goods that are sold then returned by customers.
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Answer:
Hi cutie. The following is an income statement prepared in International Financial Reporting Standards (IFRS)
Net Sales
Cost of Sales
Gross Operating Profit
Operating Expenses
Net Operating profit
Other income and profit
Other expenses and losses
Financial income/expenses, net
Loss/income from associates, net
Income before tax and minority interest
Minority interest
Income before tax
Taxes
Net income
The Cost of Goods for resale is the cost of goods that are sold then returned by customers.
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