Accounting – 12/17/19
I. Bellwork Q&A
- What are the two classifications of accounts that are listed on an income statement?
- 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. Classwork
A. Decimal to Percentage – on iLearn
B. MindTap
- Working together and On Your Own
- 7-1 Application Problem p. 208
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