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which comes first when preparing a income statement?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 18DQ: What is the effect on the current period income statement and the balance sheet when inventories are...

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Question

which comes first when preparing a income statement? please put in order

salaries expense

cost of goods sold

net income

total expenses

gross profit

miscellsneous expense

sales

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