How to Make a Multi-step Income Statement
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- This video shows how to create a multi-step income statement. A list of accounts is used to make a multi-step income statement in good form. The video also explains why a multi-step income statement is more informative than a single-step income statement.
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This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.-
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Awesome! Love your teaching, you explain so clearly, and to the point.
Thank you so much for the video! Really helped me for my exam.
Thank you! This video was extremely helpful.
You're awesome. Thank you SO MUCH for posting this. I wish you were my professor!
who is watching in 2024
The name "Edible Pizza Boxes" was amazing, also thanks for the video.
Glad you enjoyed it!
@@Edspira You are an inspiration. I am watching your content one by one for my exam preparation. Amazing guy disseminating knowledge free of cost.
This video help me a lot, but where should i put the discount lost?
Is the reason for excluding ‘income from Discontinued Operation’ and ‘Gain on Disposal of Discontinued Operation’ before calculating Income before tax because these two accounts are no longer part of company’s going concern principle? Shouldn’t these two accounts also have to go through taxation process or are they just tax free or we already assume that they have been?
You are a hero!
This was absolutely helpful. Thank you
Awesome review! Except you have impairment costs listed in the non-operating section where they should be listed as an operating expense. Thanks again!
I hope my accounting professor was as good and simple as you are😍😂
😀
Interesting. Thanks!
really simple explaining but useful
Glad it was helpful!
Thanks that really helps
Thank you so much!
thank you very much helping me prepare for my exam
Great video!
If we have a loss on sale of property, where would that go in this statement?
what numbers did you add up to get net income $101,700? I am getting 101,760 what I am doing is subtracting "total operating expense-income from continuing operations" 183,300-81,540=101760 what am I missing?
Dope bro
edible pizza boxes hahaaa
Why not reduce the waste in landfills, right? Thanks for watching!
Thank you that was helpful
Sir can I ask about the Income Revenue? some Income statement has "Other operating Income" that includes Interest Income and Divideqnd Income
Plz clarify what is 'other comprehensive income' (OCI) ... Is it an obligation to categorize with the subtitle (OCI)
Why some amounts are on the left side and some are on the right side column? I am a BCA student who has never studies accounting in my life but now has to in Bachelor's
What is sales discount? Is it the same as discounts received from suppliers?
what if there is no available goods for sale? is it okay?
I have a confusion....in last video you took divident as a revenue but in this vedio you saying dividend is not part of revenue,,,,,,simply my question is that....is dividend revenue????
There is a dividend revenue. It is separate from dividends. Dividend is an account that we subtract from Net Income to get Retained earnings. Dividends cannot be revenue. However, a different account name "dividend revenue' can be. :)
A company pays dividends to stockholders that’s an expense you subtract. Dividend revenue is money you get from an investment in stocks
Oh he shouldn't have used dividend revenue in the other video, nothing wrong with it but it's gonna make some people like you confused. Dividends is the money you pay out in dividends to your shareholders. That goes into the Shareholder's equity statement. Now, if you own stock in another company, and THEY pay YOU dividends, you earned money! that's a revenue, or a "dividends revenue".
Merry 22222 exactly
how to compute COGS?
How would we find cogs if they dont give it to us?
I have a video that explains how to calculate COGS: th-cam.com/video/uTMHzKWXJks/w-d-xo.html