{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

05 Inventory and COGS - Economics 5. 1 IncomeStatements...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
20/01/2011 1 1 Engineering Finance and Economics 5. Inventory and Cost of Goods Sold 2 6 2 Income Statements Service revenue $XXX Expenses Operating and administrative expense X Amortization expense X Income tax expense X Net income $ X Service Company Royal LePage Real Estate Income Statement For the Year Ended December 31, 2008 Revenue $1,331 Cost of goods sold 853 Gross margin 478 Operating expenses: Operating and administrative expense X Amortization expense X Income tax expense $ X Net income $ 4 Merchandising Company The Forzani Group Ltd. Income Statement For the Year Ended February 3, 2008 3 6 3 Balance Sheets Current assets: Cash $X Short-term investments X Accounts receivable, net X Prepaid expenses X Service Company Royal Lepage Real Estate Balance Sheet December 31, 2008 Current assets: Cash $ X Short-term investments X Accounts receivable, net X Inventory 319 Prepaid expenses X Merchandising Company The Forzani Group Ltd. Balance Sheet February 3, 2008
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon