Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
Question
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Chapter 4, Problem 4.15P

a)

Summary Introduction

To calculate: Pro forma income statement utilizing the percent of sales method.

Introduction:

A reports that shows the revenues and expenses from business operations and the result of those operations as net income or net loss for a particular timeframe is referred to as income statement.

b)

Summary Introduction

To calculate: The pro forma income statement using fixed and variable cost data.

Introduction:

A reports that shows the revenues and expenses from business operations and the result of those operations as net income or net loss for a particular timeframe is referred to as income statement.

c)

Summary Introduction

To find: The similarities and differences between the statements in part A and B and the statement that shows better appraisal of income for year 2016.

Introduction:

A reports that shows the revenues and expenses from business operations and the result of those operations as net income or net loss for a particular timeframe is referred to as income statement.

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Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)

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