Wk 3 Essay discussion 5-57

Wk 3 Essay discussion 5-57 - In the statement of cash flows...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Tara Anderson 5-57 The net income is the outcome of an income statement. An income statement consists of many different accounts. It has Revenue, cost of goods sold, to get the gross profit, and then operating expenses, general and administrative expenses to the operating income; ECT….all of the income statement is growth or loss for the company of that year.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: In the statement of cash flows you get to deduct dividends payments to get your ending cash balance. So has the income state show an amount of what the net income is and that is what he is paying the dividends out to be that when they do the statement of cash flow they are taking those payments back out and the ending cash balance is higher....
View Full Document

This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.

Ask a homework question - tutors are online