LESSON 22-2
Preparing an Income
Statement

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2

INCOME STATEMENT

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

page 645

LESSON 22-2
3

INCOME STATEMENT

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

page 645

LESSON 22-2
4

INCOME STATEMENT

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

page 645

LESSON 22-2
5

ANALYZING AN INCOME STATEMENT

page 647

Cost of
Merchandise
Sold

÷

Net Sales

=

Cost of Merchandise
Sold Component
...
5

ANALYZING AN INCOME STATEMENT

page 647

Cost of
Merchandise
Sold

÷

Net Sales

=

Cost of Merchandise
Sold Component
...
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Lesson 22 2

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Lesson 22 2

  1. 1. LESSON 22-2 Preparing an Income Statement CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  2. 2. 2 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
  3. 3. 3 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
  4. 4. 4 INCOME STATEMENT CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
  5. 5. 5 ANALYZING AN INCOME STATEMENT page 647 Cost of Merchandise Sold ÷ Net Sales = Cost of Merchandise Sold Component Percentage $1,190,794.80 ÷ $2,078,876.70 = 57.3% CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-2
  6. 6. 5 ANALYZING AN INCOME STATEMENT page 647 Cost of Merchandise Sold ÷ Net Sales = Cost of Merchandise Sold Component Percentage $1,190,794.80 ÷ $2,078,876.70 = 57.3% CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-2

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