Income Statement Solved Problems Pdf

Interpreting the income statement practice khan academy.
Income statement solved problems pdf. The solution to this question works the income statement backwards. Chapter 12 financial statement analysis problem solutions. Solving for the change in nwc gives 470 meaning the company increased its nwc by 470. Net income dividends addition to retained earnings net income 1 570 4 900 net income 6 470 now looking at the income statement.
Starting at the bottom. Problems and solutions accounting if revenue exceeds the total expenses the income statement shows a net income for the period but if on the other hand the total expenses exceed the revenue it would show a net loss. The net income or net loss determined by the income statement is reported in the statement of retained. Prepare the proforma income statement for year 3 and the proforma balance sheet as at the end of year 3.
Balance sheet and income statement solved examples. The most common income statement problems and solutions. Solved problems free download as word doc doc docx pdf file pdf text file txt or read online for free. Income statement problems with solutions and answers.