How to Make a Multi-step Income Statement

[@khankhoshal-si6yr]

who is watching in 2024

[@elijahsmeaton2902]

yes (i am cooked)

[@debajyotisaha8250]

The name "Edible Pizza Boxes" was amazing, also thanks for the video.

[@Edspira]

Glad you enjoyed it!

[@debajyotisaha8250]

@@Edspira You are an inspiration. I am watching your content one by one for my exam preparation. Amazing guy disseminating knowledge free of cost.

[@alluringalejandra3001]

Thank you so much for the video! Really helped me for my exam.

[@msmedicine]

Thank you! This video was extremely helpful.

[@vincentortega4284]

Awesome! Love your teaching, you explain so clearly, and to the point.

[@rawan0111]

You're awesome. Thank you SO MUCH for posting this. I wish you were my professor!

[@zafarjehat1765]

You are a hero!

[@suzannahomonuk4833]

edible pizza boxes hahaaa

[@Edspira]

Why not reduce the waste in landfills, right? Thanks for watching!

[@cab06215]

Is the reason for excluding ‘income from Discontinued Operation’ and ‘Gain on Disposal of Discontinued Operation’ before calculating Income before tax because these two accounts are no longer part of company’s going concern principle? Shouldn’t these two accounts also have to go through taxation process or are they just tax free or we already assume that they have been?

[@empressking1647]

This was absolutely helpful. Thank you

[@gasserahmed6059]

I hope my accounting professor was as good and simple as you are😍😂

[@Edspira]

😀

[@luciaisabeltendenilla4490]

This video help me a lot, but where should i put the discount lost?

[@MyFinancialFocus]

Interesting. Thanks!

[@marjoriewilliams2677]

Great video!

[@Bluebreezi]

really simple explaining but useful

[@Edspira]

Glad it was helpful!

[@adventureswithaustin11]

thank you very much helping me prepare for my exam

[@vascogamero530]

Dope bro

[@LAMARINE123321]

Thanks that really helps

[@gdog2001able]

Thank you so much!

[@azmaeensahadia674]

If we have a loss on sale of property, where would that go in this statement?

[@mariaantoinette1836]

what if there is no available goods for sale? is it okay?

[@margaritagutierrez6400]

what numbers did you add up to get net income $101,700? I am getting 101,760 what I am doing is subtracting "total operating expense-income from continuing operations" 183,300-81,540=101760 what am I missing?

[@kasandapatrick1762]

Plz clarify what is 'other comprehensive income' (OCI) ... Is it an obligation to categorize with the subtitle (OCI)

[@jhongaming1650]

Sir can I ask about the Income Revenue? some Income statement has "Other operating Income" that includes Interest Income and Divideqnd Income

[@LAl-tl8ep]

Thank you that was helpful

[@fauziaalwi3635]

What is sales discount? Is it the same as discounts received from suppliers?

[@abhishekpokhrel9658]

Why some amounts are on the left side and some are on the right side column? I am a BCA student who has never studies accounting in my life but now has to in Bachelor's

[@brianwhite5798]

Awesome review! Except you have impairment costs listed in the non-operating section where they should be listed as an operating expense. Thanks again!

[@xTian2530]

how to compute COGS?

[@jacoubelachkar_]

How would we find cogs if they dont give it to us?

[@Edspira]

I have a video that explains how to calculate COGS: kzbin.info/www/bejne/q4Wwea2BjL19odU

[@hamidabalouch1610]

I have a confusion....in last video you took divident as a revenue but in this vedio you saying dividend is not part of revenue,,,,,,simply my question is that....is dividend revenue????

[@mehriban9003]

There is a dividend revenue. It is separate from dividends. Dividend is an account that we subtract from Net Income to get Retained earnings. Dividends cannot be revenue. However, a different account name "dividend revenue' can be. :)

[@meronThegreat]

A company pays dividends to stockholders that’s an expense you subtract. Dividend revenue is money you get from an investment in stocks

[@icecold1805]

Oh he shouldn't have used dividend revenue in the other video, nothing wrong with it but it's gonna make some people like you confused. Dividends is the money you pay out in dividends to your shareholders. That goes into the Shareholder's equity statement. Now, if you own stock in another company, and THEY pay YOU dividends, you earned money! that's a revenue, or a "dividends revenue".

[@TheFedericohiguain2]

Merry 22222 exactly