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  • Income Statement: Less Sales Returns and Allowances

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    This income statement shows the company's revenue, costs, expenses, and profits over a period ending on a specific date. It details net sales, cost of goods sold, gross profit, operating expenses including selling and general/administrative costs, net income before and after taxes, and any extraordinary gains or losses. The statement provides a breakdown of financial information over both the current month and year to date to analyze the company's performance.

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    Original Title

    INC ST

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    This income statement shows the company's revenue, costs, expenses, and profits over a period ending on a specific date. It details net sales, cost of goods sold, gross profit, operating expenses including selling and general/administrative costs, net income before and after taxes, and any extraordinary gains or losses. The statement provides a breakdown of financial information over both the current month and year to date to analyze the company's performance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Income Statement: Less Sales Returns and Allowances

    Uploaded by

    Anyone Anywhere
    This income statement shows the company's revenue, costs, expenses, and profits over a period ending on a specific date. It details net sales, cost of goods sold, gross profit, operating expenses including selling and general/administrative costs, net income before and after taxes, and any extraordinary gains or losses. The statement provides a breakdown of financial information over both the current month and year to date to analyze the company's performance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Income Statement

    Revenue Gross sales

    (all numbers in $000)

    [Company Name] % of Sales Amount

    [Period ending date] Year to Date % of Sales

    Current Month Amount

    Less sales returns and allowances


    Net sales Cost of Sales Beginning inventory Current Month Amount % of Sales Amount Year to Date % of Sales

    Plus goods purchased/manufactured


    Total goods available

    Less ending inventory


    Total cost of goods sold Gross profit (loss) Operating Expenses
    Selling

    Current Month Amount % of Sales Amount

    Year to Date % of Sales

    Salaries and wages Commissions Advertising Depreciation Total selling expenses


    General/Administrative

    Salaries and wages Employee benefits Payroll taxes Insurance Rent Utilities Depreciation and amortization Office supplies Travel and entertainment Postage Equipment maintenance and rental Interest Furniture and equipment Total General/Administrative expenses Total operating expenses Net income before taxes Taxes on income Net income after taxes Extraordinary gain or loss Income tax on extraordinary gain Net Income (Loss)

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