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Lesson 22 2
1.
LESSON 22-2 Preparing an
Income Statement CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2.
2 INCOME STATEMENT CENTURY 21
ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
3.
3 INCOME STATEMENT CENTURY 21
ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
4.
4 INCOME STATEMENT CENTURY 21
ACCOUNTING © 2009 South-Western, Cengage Learning page 645 LESSON 22-2
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.
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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