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Multistep Format IS and BS

Multistep income statement format

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hotfuj
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16 views2 pages

Multistep Format IS and BS

Multistep income statement format

Uploaded by

hotfuj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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income for the Revenue: sales Less: Sales return: Net Sales Cost of Goods Sold Beginning inventory Purchage’ ! wm 0K Carriage/Freight In tece: Purchases returns, allowances & discounts ( 100 ) Net Purchases Cost of Goods available for sale Less: Ending inventory 1s and allowances Gross Profit Operating Expenses Selling Expenses Advertising 10% Depreciation on Delivery vehicle 200% Delivery Cost 100 Bad Debt ete. 10% Administrative Expenses Salaries 00 Rent & Utilities 10K Depreciation on office equipment 20K General Expenses 20K Loss on ordinary activities etc. x Total Operating expenses Operating Income Other revenues & gains/expenses & losses Interest /dividend income Interest expense Gain/Loss on sale of investment Gain/Loss on sale of fixed assets Gain /loss on discontinued operations Income before tax Income tax expense Net Income for the year ‘Add: Retained Earnings b/f Prior year adjustments Adjusted retained earnings balance Less: Cash & Stock Dividends (Paid and proposed) Retained Earnings c/f year endinga.- Li * 2000 E BEREE BE ab ib EEE BEEE ont ‘STATEMENT OF FINANCIAL POSITION FORMAT Balance Sheet a5 Ben-nerersmm $ s ASSETS: $ Current Assets Cash Short-term investments Accounts Receivable Less: allowance for doubtful debts Interest receivable Inventory Total Current Assets Non-Current Assets Property, Plant & Equipment Land 20x Less: Accumulated Depreciation 0) Equipment etc. Less: Accumulated Depreciation bod Intangible Assets Goodwill/Patent/Copyright etc. Investments Long-term Bonds/Stock Total Non-Current Assets TOTAL ASSETS LIABILITIES & SHAREHOLDER’S EQUITY Liabitities Current Liabilities Accounts Payable Notes Payable — current portion Corporation tax payable etc. Total Current liabilities Non-current liabilities Notes Payable/Bonds Payable Total Liabilities Stockholder’s Equity Paid-in Capital Common Stock Dividends distributable Paid-in Capital in excess of par Retained earnings Total paid-in capital and retained earnings Less: Treasury Stock Total Stockholders’ equity TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 70 KK 20x a v0. : 20% od xox gE BE

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