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1 Income Statement Worksheet Summary Tammy Sylvia HSC/405 September 18, 2017 Regina Robinson
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2 Income Statement Worksheet Summary According to www.accountingcoach.com , an income statement is a statement that shows profit and losses, a statement of operations, or a statement of income. In this scenario, the revenues that can be adjusted are the grants which can be done quarterly can be adjusted to given four times a year, starting in the month of January, and in April, August and December all with equal portions of $6250.00. Although a fund raiser is usually done primarily once a year, the proceeds for the fund raiser can be split into equal portions for each month starting in the month of January to increase each month’s revenue by $2167. The adjustments will affect the organization by allowing them to have more money each month. Instead of having all the money for the fund raiser be given to the organization in one month, even though it is yearly, the amount of the fund raiser can be broken down into monthly installments to be used during each month equally. The expenses are variable and can change as you can put
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