Preparation of an Income Statement for The Serious Reader Company
Discuss the applications of each of following in biology today and include three examples of each with a brief description.
July 30, 2020Differentiate the similarities and differences between employment experiences of men and women
July 31, 2020Preparation of an Income Statement for The Serious Reader Company
Module 1 Case
Accounting Cost Systems and Cost Behavior
Case AssignmentPreparation of an Income Statement for The Serious Reader CompanyThe first case of this course provides an opportunity to prepare a segmented variable costing (contribution margin, behavioral) income statement and analyze the information. This is a very small company and the information may seem simplistic at first glance. Dont forget that numbers and hands-on practice best illustrate many basic accounting concepts.The Serious Reader Company is a small online retailer operating out of a garage apartment. The owner buys books at garage sales, thrift shops, library sales, and whenever an opportunity arises. The company classifies all books into five categories based on cost of acquisition and estimated sales price. See below for details about books purchased and sold during the last year (201X).
