Question: Is there a short-hand way to remember the Multi step Income statement? It's hard for me to remember S.R. - COGS = GP - Operating
Is there a short-hand way to remember the Multi step Income statement? It's hard for me to remember S.R. - COGS = GP - Operating Expense = Operating Income - Non Operating Expenses = Income before taxes - Tax Expenses = Net Income.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
