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

    May 30, 2009, 11:05 AM
    Preparing an Classified Income statement from a Balance Sheet
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    May 30, 2009, 02:38 PM

    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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