+
3 Tutorials that teach Expanded Income Statement
Take your pick:
Expanded Income Statement

Expanded Income Statement

Author: Kevin Bullock
Description:

In this lesson, the student will learn about the expanded income statement.

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial

Notes to "Expanded Income Statement"

Terms to Know 

Revenue 

Earnings from interest or from the sale of goods or services.

Expenses 

Costs associated with operating or maintaining a company.

Sale 

The selling of inventory by a merchandising business.

Purchase 

The buying of inventory for resale to customers, or assets such as supplies or equipment, for cash or credit.