Which would NOT be included on an income statement for the Best Brand Company?
A. Projected Profit
B. Net Sales
C. Cost of Goods
D. Operating Expenses
Answer (2)
The item that would not be included on an income statement for the Best Brand Company is 'Projected Profit' since it reflects future estimates and not actual financial results. The income statement focuses on actual performance, including Net Sales, Cost of Goods Sold, and Operating Expenses. Thus, the correct answer is A.
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An income statement records actual financial performance and does not include projected figures. The item that would NOT be included is 'Projected Profit.' The other options listed are standard components of an income statement. ;
