PPT Slide
Objectives
Concepts of Income
Conceptual Reporting Guidelines
Specific Conceptual Guidelines
Revenues
Expenses
Cost: Asset or Expense
Income Statement Content
Cost of Goods Sold:
Income Tax Expense
Single-Step Income Statement
Income Statement: Results from Discontinued Operations
Gain or Loss on Disposal
Extraordinary Items
Statement of Retained Earnings
Comprehensive Income
Statement of Cash Flows
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