Lesson 14
Learning Goals: By the end of this lesson you will be able to
Describe the purpose of an income statement Identify the accounts on the income statement Prepare an income statement.
Success Criteria: By the end of this lesson you will be able to
prepare an income statement
- Lesson Assignment/Homework (FOR and/or AS)
and the following
Students to complete this after you've finished all activities/tasks in today's lesson.
There are a few errors in the annual income statement for Mayfare Plumbing. Examine the income statement and then complete the exercise.