To present expenses by function is sometimes referred to “[...]” method.
Answer
cost of sales
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Open it To present their expenses by function, which is sometimes referred to “cost of sales” method.
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2. COMPONENTS AND FORMAT OF THE INCOME STATEMENT n would be grouping together expenses into a category such as cost of goods sold, which may include labour and material costs, depreciation, some salaries (e.g., salespeople’s), and other direct sales related expenses.8 Both Danone and Kraft <span>present their expenses by function, which is sometimes referred to “cost of sales” method.
One subtotal often shown in an income statement is gross profit or gross margin (that is revenue less cost of sales). When an income statement shows a gross profit subt
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