Financial statements

Question 1

first order of statement

Answer 1

company name, type of statement, ending of ____ (date)

Question 2

second order

Answer 2

sales revenue (given)
COGS (if present - from revenue)

Question 3

gross profit; what step

Answer 3

3) total of sales revenue and COGS.

Question 4

Expenses

Answer 4

right down all expenses, going to - at the end

Question 5

operating exp; what step

Answer 5

5: gross profit - all expenses

Question 6

income tax; What step

Answer 6

6: its given , - in the end

Question 7

net income; what step

Answer 7

7: operating expense - income tax