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    kp1913perfect10's Avatar
    kp1913perfect10 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 16, 2008, 05:54 PM
    Income Statements & Balance Sheet
    Does Total Income + Less depreciation = Total debt?
    Does sales + Gain on sales of Plant Assets = net sales?
    brich's Avatar
    brich Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Sep 17, 2008, 10:06 AM
    Is air traffic liability found on an income statement or balance sheet
    AdamUTsel's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member
    		  
    #3

    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.
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