I need help in preparing a Classified (Multi-step) Income statement from a Balance sheet given from one of my homework problems. Also, additional information was given about cash disbursements during the year.
I need help in preparing a Classified (Multi-step) Income statement from a Balance sheet given from one of my homework problems. Also, additional information was given about cash disbursements during the year.
I don't know why people keep asking this. You can't prepare an income statement from a balance sheet. The information needed to do an income statement isn't on a balance sheet.
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