Explore BrainMass

Explore BrainMass

    Balance Sheet and Income Statement Information

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Contrast the information provided in the balance sheet and income statement.


    © BrainMass Inc. brainmass.com June 4, 2020, 4:17 am ad1c9bdddf

    Solution Preview

    The information provided in the income statement gives financial statement users a portrayal of the company's financial health from a revenue standpoint. The income statement shows the company's gross revenue, cost of goods sold, and total net revenue. The total net revenue is calculated after allowance adjustments. The expenses are then listed, and are typically listed as operating expenses being first, followed by general ...

    Solution Summary

    This solution contrasts information provided in the balance sheet with information from the income statement.