income statement

Income Statement

Example

• Revenue: $1,000,000
• Cost of goods sold (COGS): $600,000
• Gross Profit: $400,000 (Revenue - Cost of goods sold)
• Selling, General and Administrative Expenses: $150,000
• Operating income: $250,000 (Gross Profit - Selling, General and Administrative Expenses)

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Topics: Balance Sheet
Category: Wiki/Economy