• You are here:
  • Home »
  • traditional income statement

Tag Archives for " traditional income statement "

The Traditional (Absorption Costing) Income Statement

The traditional income statement uses absorption costing to create the income statement. This income statement looks at costs by dividing costs into product and period costs. In order to complete this

Learn More

Income Statements for Merchandising Companies and Cost of Goods Sold

Merchandising companies sell products but do not make them. Therefore, these companies will have cost of goods sold but the calculation is much easier than for a manufacturing company. Expenses for a merchandising

Learn More
>