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1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sheet for each company.

Sagot :

jayilych4real

There are three main parts of income statements and they are:

  1. Revenue
  2. Expenses
  3. Profit

What is an Income Statement?

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

Read more about income statements here:

https://brainly.com/question/24498019

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