Accountancy, asked by salonisonawane9, 9 months ago

which formula properlyb produces the strings "Income statement"?​

Answers

Answered by AnanyaPrasad35
8

Answer:

HOPE YOU GOT YOUR ANSWER. PLEASE ADD ME IN BRAINLIST AND THANK.

Explanation:

At a high level, the income statement formula can be as simple as: NET INCOME = REVENUE – EXPENSES.

To put this into formulaic terms, let's look at it this way:

1. Gross Profit = Revenue – Cost of Goods Sold.

2. Operating Income = Gross Profit – Operating Expenses.

3. Net Income = Operating Income + Non-Operating Items.

Answered by rosyshah67
0

Answer:

The answer that the first person has given is correct. You can write from him.

Explanation:

I hope you will understand

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