a.
Introduction: Cost of goods manufactured refers to the overall
To prepare: The schedule reflects the amount of Cost of contract services provided.
b.
Introduction: An income statement is prepared by the business organizations to know how much amount of gross profit or net profit they earn during the year. An income statement's objective is to display a company's financial success over a specific time frame.
Classification and reporting of the cost which is not classified as cost of contract service in the financial statement.
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EBK ACCOUNTING PRINCIPLES
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