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Questions tagged [income-statement]

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0 votes
1 answer
102 views

Do Operating Expenses typically include Depreciation & Amortization? [closed]

I have been finding conflicting information on the internet regarding whether depreciation and amortization (D&A) is part of operating expenses. On the Income Statement page on Wikipedia, D&A ...
iart's user avatar
  • 101
0 votes
1 answer
61 views

Subtract D&A is necessary

I read Warren Buffett and the interpretation of the financial statements, but depreciation and amortization thing still confuses me a lot. When I look at the Microsoft's income statement (i.e. https://...
J.Doe's user avatar
  • 41
0 votes
1 answer
92 views

Understanding Days Sales Outstanding (DSO) Ratio

The definition of DSO is: Days Sales Outstanding (DSO) = Accounts Receivable (AR)/Total Credit Sales * (# of days) If you look at any finance website such as Investopedia, they will say the following: ...
user1527227's user avatar
1 vote
1 answer
93 views

Personnel costs recorded twice in the income statement? [closed]

We are talking about a company that produces its own products. Since the manufacturing costs also include part of the personnel costs, the personnel costs are recorded twice in the income statement. ...
ACTQUEEN9's user avatar
-1 votes
1 answer
53 views

Does a public company's tax comes from financial reports? [duplicate]

I'm studying financial reports. There is a section on Yahoo Finance that contains gross profit, net income, total revenue, etc.. How does a company know how much tax it should pay? Is it based only ...
Andrew Sasha's user avatar
0 votes
1 answer
116 views

Understanding the income statement - Verizon's net income

I'm trying to figure out how Verizon has calculated their net income, I believe it should be: net income=total revenue - total costs However, when I look at Verizon's 2020 income statement from Yahoo ...
Jay 's user avatar
  • 45
0 votes
1 answer
68 views

Booking Holdings Cost of Revenue

When looking at the income statement of Booking Holdings (https://finance.yahoo.com/quote/BKNG/financials/), we see that they had a cost of revenue (likely marketing IMO) in the years 2016 and 2017. ...
ReRed's user avatar
  • 131
0 votes
2 answers
282 views

How is minority interest accounted for when calculating net income

Reading around, I found that minority interest is defined as interest in a company controlled by a company other than the parent company. Does that mean that anytime a company A becomes a shareholder ...
Youcha's user avatar
  • 225
0 votes
2 answers
238 views

Income Statement number differ between websites. Where is the truth?

A couple of days ago I asked about apples depreciation numbers since they are not unambiguous and somebody pointed me out to WSJ's site. But I am confused as of how the various numbers are generated ...
Samuel's user avatar
  • 145
3 votes
1 answer
277 views

Is Apple's depreciation now $12.5 or $11.3 billion?

I was casually reading the 10K for 2019 for Apple where I realized that I don't get the numbers. In the consolidated statement of cash flows (page 36) "Depreciation and amortization" for 2019 is ...
Samuel's user avatar
  • 145
0 votes
1 answer
383 views

Profit and loss statement without any sales [closed]

What would I put for the "cost of sales" in a profit and loss statement if I don't have any sales? I have purchased a lot of inventory, but as of now, I don't have any sales. Do I put 0 or a ...
user2233706's user avatar
3 votes
1 answer
803 views

Is my HOA's balance sheet healthy?

I'm purchasing a condo and trying to evaluate if the association is financially healthy. Are there any red flags in this balance sheet or income statement? There are 200 units and utilities are ...
quietmint's user avatar
  • 130
1 vote
2 answers
2k views

Negative line items under Revenue/Gains in a P&L / Income statement

I'm new to managing a P&L and currently have a document like this... Revenue/Gains/Top-Line --Sales on Product 1: 10,000 --Sales on Product 2: 20,000 --Returns on Investment 1: 10,000 --Returns ...
d3wannabe's user avatar
  • 111
1 vote
1 answer
417 views

Accounting Question - Combining Vertical Analysis with Horizontal Analysis of financial statements?

Firstly I understand the concept of vertical analysis (representing line items as percentage of either total asset or revenue), and horizontal analysis (calculating the year-on-year changes or %...
ZXY's user avatar
  • 11
1 vote
1 answer
80 views

Is there any resource that provides a list of the most used/common components of the different statements (e.g. balance sheet) of an annual report? [closed]

I am looking for a resource that provides a list of a "perfect": statement of financial position (balance sheet) statement of earnings statement of cash flow containing components (e.g. for the ...
visionInc's user avatar
  • 111

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