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  • IBA Lab 0 Additional Data. 2HR1 Zamudio

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    HERVYK ASHLEY CALIVOZO
    11 views1 page
    This income statement shows revenues of ₱50,000, costs of goods sold of ₱20,000, and a gross profit of ₱30,000. Total expenses for the period were ₱23,000 consisting of research and development, selling, general and administrative, and interest expenses. The net income for the period was ₱7,000.

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    This income statement shows revenues of ₱50,000, costs of goods sold of ₱20,000, and a gross profit of ₱30,000. Total expenses for the period were ₱23,000 consisting of research and development, selling, general and administrative, and interest expenses. The net income for the period was ₱7,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    11 views1 page

    IBA Lab 0 Additional Data. 2HR1 Zamudio

    Uploaded by

    HERVYK ASHLEY CALIVOZO
    This income statement shows revenues of ₱50,000, costs of goods sold of ₱20,000, and a gross profit of ₱30,000. Total expenses for the period were ₱23,000 consisting of research and development, selling, general and administrative, and interest expenses. The net income for the period was ₱7,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Income Statement

    Revenues ₱50,000.00
    COGS ₱20,000.00
    Gross profit ₱30,000.00

    Expenses
    Research And Development ₱10,000.00
    Selling, General, And Administrative Expenses ₱10,000.00
    Interest Expense ₱3,000.00
    Total Expenses ₱23,000.00
    Net Income / Net loss ₱7,000.00

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