If a particular listed is "other operating expenses in a condensed income statement from operations, should it be before "income from operations" on an income statement? If so, does this mean the "income from operations" is their Net Income, or would there likely be more particulars that were not mentioned in the condensed income statement.? Which would mean this listed below would only be a partial income statement? Revenue $88,988 Cost of Goods Sold 62,752 Gross Profit 26,236 Operating Expenses Selling, General & Adminstrative Expenses 26,058 Other Operating Expeses ____0 Income from Operations $178
If a particular listed is "other operating expenses in a condensed income statement from operations, should it be before "income from operations" on an income statement? If so, does this mean the "income from operations" is their Net Income, or would there likely be more particulars that were not mentioned in the condensed income statement.? Which would mean this listed below would only be a partial income statement? Revenue $88,988 Cost of Goods Sold 62,752 Gross Profit 26,236 Operating Expenses Selling, General & Adminstrative Expenses 26,058 Other Operating Expeses ____0 Income from Operations $178
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a particular listed is "other operating expenses in a condensed income statement from operations, should it be before "income from operations" on an income statement?
If so, does this mean the "income from operations" is their Net Income, or would there likely be more particulars that were not mentioned in the condensed income statement.? Which would mean this listed below would only be a partial income statement?
| Revenue | $88,988 |
| Cost of Goods Sold | 62,752 |
| Gross Profit | 26,236 |
| Operating Expenses | |
| Selling, General & Adminstrative Expenses | 26,058 |
| Other Operating Expeses | ____0 |
| Income from Operations | $178 |
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