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How to prepare a traditional income statement

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

numbers of units sold. 11,000

Selling price per unit. 16

Variable selling expense 1

Aug 30th, 2014

Sales =11,000*16 =176,000

Variable selling expenses =11,000*1 =11,000

Gross Margin =165,000


Income Statement

Sales                                                 176,000

Variable selling expenses                      11,000

Gross Margin                                     165,000

Aug 30th, 2014

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Aug 30th, 2014
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Aug 30th, 2014
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