net earnings increased from 2020 to 2021 and from 2021 to 2022. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. earnings from continuing operations before income taxes increased from 2020 to 2021 and from 2021 to 2022. operating income increased from 2020 to 2021 and from 2021 to 2022.Īmount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. The net result for the period of deducting operating expenses from operating revenues. If you are looking to cut expenses, the income statement will show you which areas in your business are eating too much of your funds and may need to be curtailed. sales increased from 2020 to 2021 and from 2021 to 2022. Net Profit Is Income Target Financial Statements 2017 You can also see how much you are spending on general and administrative expenses. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Selling, general and administrative expensesĭepreciation and amortization, exclusive of depreciation included in cost of salesĮarnings from continuing operations before income taxesĪmount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer.
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