Income statement - National 5 Business management Revision

income statement  Subtract the selling and administrative expenses total from the gross margin Doing this will give you the amount of pre-tax operating income  An income statement reports your business's revenues

Income Statement and Balance Sheet · 1 Interest income, 52 , 68 , 61 , 59 , 49 , 58 , 53 , 53 · 2 Interest The single-step income statement is the simplest income statement format It calculates totals for revenues and subtracts expenses to arrive at

Income Statement and Statement of Retained earnings, As originally reported, December 31, 2016 financial statements YE December, 31, 2016 Sales $ 82,914  The income statement starts with a company's revenue and ends with its net profit after subtracting operating and non-operating expenses, such