Unique Detailed Income Statement Example

Lets take the example of Microsofts Income Statement to understand how to read a standard Income Statement.

Detailed income statement example. Some of the many things a sample income statement can help with include determining where best to focus ones energies determining which product lines are most successful gauging the effectiveness of a marketing campaign and determining how best to cut expenses. For the Year Ended December 31 2011. This statement is a condensed version of the more detailed income statement presented in Illustration 4-2.

An income statement reports the following line items. Good examples of overhead costs are travel costs rent insurance accounting expenses etc. Ad Find Visit Today and Find More Results.

1 The simplified single-step income statement groups all of the revenues and expenses except the income tax expense. Pro forma Income Statement A pro forma income statement is based on projections or possibilities. Sports Ltd wants to know the net income loss for the period of ending December 30 2018.

Ad Find Income Statement Form. This was due to the income being 5400 less 100000 94600 and the expenses such as water and electricity being greater than expected. For the Year Ended December 31 2015.

Cost of Goods Sold. This detailed income statement template seeks to breakdown the main line items that affect business operations. A Real Example of an Income Statement Below is an example of Amazons consolidated statement of operations or income statement for the years ended December 31 2015 2017.

For example consider the income statement shown in Illustration 4-3 for Boc Hong Company. The first part of the Income Statement reveals the Gross Profit earned by Microsoft from the years 2016 to 2020. Including labor and material costs.