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-   -   Income Statements & Balance Sheet (https://www.askmehelpdesk.com/showthread.php?t=261219)

  • Sep 16, 2008, 05:54 PM
    kp1913perfect10
    Income Statements & Balance Sheet
    Does Total Income + Less depreciation = Total debt?
    Does sales + Gain on sales of Plant Assets = net sales?
  • Sep 17, 2008, 10:06 AM
    brich
    Is air traffic liability found on an income statement or balance sheet
  • Sep 17, 2008, 11:57 AM
    AdamUTsel
    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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