FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
7th Edition
ISBN: 9781308675527
Author: Wild
Publisher: MCG/CREATE
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Chapter 19, Problem 3QS
To determine

Income statement:

Income statement is one of the financial statements which states the revenues earned by the company during a financial year by deducting the costs and expenses incurred. It is also sometimes known as profit and loss account, it is vital for the company because it gave a clear picture of company’s performance and financial position.

To prepare: Income statement under variable costing.

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