question archive As you have learned, generally accepted accounting principles (GAAP) require organizations to prepare both an income statement and a balance sheet
Subject:AccountingPrice: Bought3
As you have learned, generally accepted accounting principles (GAAP) require organizations to prepare both an income statement and a balance sheet. Before the balance sheet can be prepared, the organization's net income must be determined. This requires the accountant to pull together data from numerous system accounts and other sources of information. In this assignment, you will demonstrate your skill in putting together the necessary account data and preparing an income statement in good form.
Instructions
For this assignment, use the BUS3061 Assignment u02a3 Template (listed under Resources) to prepare an income statement