Income Statement Vertical2011 Vertical 2010 Horizontal Sales Other Revenue Total Less Cost of Goods Sold Operation & Admin Expenses Income Tax Interest Expense Total Net Income Because of economic decline and uncertainties of unemployment, energy prices, etc. 2010 was in over deflation and 2011 had an overall inflation (2011 Annual Report, 2011). Income tax increased in 2011 due to repatriation taxes on dividends from a Canadian subsidiary. Balance Sheet Vertical 2011 Vertical 2010 Horizontal Cash & equivalent Receivables Inventories Prepaid Expenses Total Property' Depreciation & Amortization -71.30% -68.20% Goodwill Invest. Unconsolidated affiliate Other Assets Total Assets Cur. Note Maturities Cur. Cap. Lease

An example here may be income from an original Rembrandt that one possesses and, occasionally, loans for parties, or income from one's continuing retail business, or income that is still coming in from last month's rental payment even though the original inhabitants have discontinued their lease. This part of the income statement remains unchanged. The only element that SFAS 130 appends is the category of other comprehensive income. 3. Definition

Nikes Income Sheet The latest Nike 10-K covers the period ending 31st May 2016 (Nike, 2016). Looking specifically at the consolidated income statement, this is very short, and although there is a subcategory for gross profit. Nike, 2016). This is the two step format, as there is a breakdown of the categories, operating income is separated from non-operating income and there is a subcategory for gross profit, these indicate the

Brandywine Income Statement Is as Follows: Brandywine Income Statement Revenue 12,000,000 Expenses 9,000,000 Gross Profit 3,000,000 less Depreciation Expense Net Income Brandywine's net income was $1.5 million. The total profit margin, which we will assume is the net margin, is 1.5 million / 12 million = 12.5%. The cash flow is $3,000,000. The cash flow is the net income + depreciation, so 1.5m + 1.5m = 3m. If the depreciation expense doubled, the income statement would be as follows: Brandywine Income Statement Revenue 12,000,000 Expenses Gross Profit less Depreciation

Financial Accounting Costa Company Income Statement Revenue COGS Gross Profit less Depreciation Expense Insurance Marketing Misc Exp Property Taxes Rent Salaries Utilities Operating Expenses Net Income Balance Sheet Assets Cash Accounts Receivable Inventory Equipment Total Assets Liabilities Accounts Payable Long-Term Debt Total Liabilities Shareholders' Equity Common Stock Paid-In Capital Retained Earnings Total Equity Total L&SE With these two statements, there are two adjustments that have been requested. The $12,000 check cannot be processed yet. The sale needs to be recorded. The problem is that the sale will include inventories that moved, but without knowing what inventories were moved and what the markup would be,

Accounting Concepts and Practice Income Statement and Balance Sheet Smith Company Income Statement For the Year Ended 31st Dec 2012 Revenue $406,000 Less cost of goods sold $234,000 Gross profit $172,000 Less: Expenses Depreciation expense $24,350 Insurance $1,400 Marketing $4,500 Property taxes $8,900 Rent $18,000 Utilities $6,700 Salaries Total expenses ($131,350) Net Income (Balance C/D) $40,650 Computations Retained Earnings: Difference between debit and credit balances. $760,850 -- $718,000 = $42,850 Retained earnings to be transferred to the balance sheet: Income statement balance b/f balance c/d $40,650 $40,650 Add: retained earnings $42,850 Retained earnings balance c/d $83,500 Smith Company Balance Sheet For the Year Ended 31st Dec 2012 Non-Current Assets Equipment $316,000 Current Assets Accounts receivable $24,500 Cash $30,000 Inventory $25,000 Total current