Accounting – 12/11/17

I.  Bellwork   Q&A

  1. What are the two classifications of accounts that are listed on an income statement?
  2. Explain the formula used for determining net income or net loss.

II.  Objectives:

  • Prepare and properly format an income statement for a service business using Google Sheets
  • calculate and analyze financial ratios using income statement accounts
  • Orally describe the parts of an income statement

III.  Discussion/Notebook

  • Converting decimals to Percentages

IV.Classwork

Google Sheet – Working together and On Your Own p. 198

Aplia – 7-1 Application Problem p. 208

 

Quiz Tomorrow on Income Statement

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.