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kp1913perfect10
Sep 16, 2008, 05:54 PM
Does Total Income + Less depreciation = Total debt?
Does sales + Gain on sales of Plant Assets = net sales?
brich
Sep 17, 2008, 10:06 AM
is air traffic liability found on an income statement or balance sheet
AdamUTsel
Sep 17, 2008, 11:57 AM
No.

Net sales = gross sales - returns/allowances
Total Debt = Short Term Borrowings + Current Portion of Long Term Debt + Current Portion of Capital Lease + Long Term Debt + Long Term Capital Lease + Finance Division Debt Current + Finance Division Debt Non Current

I have no idea where your formulas came from.

For the second post, the liability is located on the balance sheet.