Review the instructions for the SEC 10-K project. This week’s report focuses on the Income Statement

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Overview

1. Review the instructions for the SEC 10-K project. This week’s report focuses on the Income Statement.
2. Review the discussion board in week two on the Income Statement.
3. Write a brief report of at least one-page. Consider using bullet points.
4. This report will assist you in the final SEC 10-K project deliverables.
5. Submit it as a Word document.

Requirements

The report should include the following:

• Sections or line items of the Income Statement including but not limited to:
  • Revenue (Sales)
  • Cost of Goods Sold
  • Gross Profit
  • Indicate if this is a Single-Step or Multi-Step Income Statement based on our course resources
  • Expenses; include unusual items or major changes for the three year period
  • Income Tax Expense (Benefit)
  • Net Income or Loss
  • Do not include EPS (Earnings per Share) or any per share values