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    1confusedgirl's Avatar
    1confusedgirl Posts: 1, Reputation: 1
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    #1

    Apr 15, 2008, 06:35 PM
    Multi-step financial statement
    I am really confused as to how to format a multi-step fianancial statement. :confused: What do I start with? Sales Revenue or Gross Profit?
    russell23's Avatar
    russell23 Posts: 3, Reputation: 1
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    #2

    Apr 20, 2008, 08:13 PM
    Start with Sales Revenue, the subtract Sales Returns and Allowances as well as Sales discounts. Then subtract Cost of Goods Sold. This will give you Gross Margin. russell23
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