Comparative income statement example
Comparative income statement definition — AccountingTools
• Using the SEC 10-K financial statements, create a three year comparative income statement with summary line items focusing on revenue through net income with key line items included but items of lower value appropriately grouped as All other Expenses. Revenue, Cost of Goods Sold, SG&A, and Income Tax Expense should be separate line items. Include a vertical analysis column for each of the ...
[DOC File]FINANCIAL COMPARISON
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Clover Corporation – an example. Let’s revisit the comparative income statements as shown. Notice: Sales is usually the base and is expressed as 100%. The cost of goods sold as a percentage of sales for 2004 (65.6%) and 2005 (69.2%) are calculated as shown. The common-size percentages for the remaining items on the income statement are as ...
[DOCX File]intel-writers.com
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The income statement shows that even though Sales were decreasing compared to 1997 peak, the cost of operations decreased causing the Earnings per share to increase. 3.3 Divisional Financial Statements. Table T-7 shows LM’s divisions and Selected financial data. The financial data includes Total Assets, Sales, Earnings before Income and Taxes (EBIT) and Net Capital Expenditures. 36% of the ...
[DOC File]Chapter 14
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The comparative figures included in these financial statements have been restated to conform with the accounting standards adopted for the current year, except that 2002-2003 school generated funds balances and activities, have not been included, as the information is not readily available. [For situation where school generated funds are not included in the Board’s financial statements]
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