3bFinancialStatements

3bFinancialStatements - Sample Multiple-Step Income...

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Sample Multiple-Step Income Statement DIX SPORTING GOODS INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2008 Sales $357,500 Cost of goods sold 218,300 Gross profit 139,200 Operating expenses: Selling expenses: Depreciation 4,200 Advertising 13,750 Salaries and wages 22,000 Total selling expenses 39,950 Administrative expenses: Depreciation 6,000 Salaries and wages 15,000 Insurance 3,600 Supplies 1,050 Total administrative expenses 25,650 Total operating expenses 65,600 Income from operations 73,600 Other revenue and (expense): Interest revenue 1,500 Interest expense (16,900) Dividend revenue 15,000 Gain on sale 9,000 Loss on sale (24,000) Total other revenue and expense (15,400) Income before income taxes 58,200 Income taxes 17,200 Net income $41,000
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Sample Single-Step Income Statement DIX SPORTING GOODS INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2008 Revenues: Sales $357,500 Interest revenue 1,500 Dividend revenue 15,000 Gain on sale 9,000 Total revenues 383,000 Expenses: Cost of goods sold
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This note was uploaded on 03/27/2012 for the course ECON 3b taught by Professor Staff during the Spring '08 term at UCSB.

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3bFinancialStatements - Sample Multiple-Step Income...

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