Sibrel Inc., a manufacturing company, has provided the following financial data for September:
The company had no beginning or ending inventories.
Required:
a. Prepare an income statement in good form for September using the traditional approach.
b. Prepare an income statement in good form for September using the contribution approach.

Question

Sibrel Inc., a manufacturing company, has provided the following financial data for September:  
The company had no beginning or ending inventories.
Required:
a. Prepare an income statement in good form for September using the traditional approach.
b. Prepare an income statement in good form for September using the contribution approach.

Quizplus · Accepted Answer

The Answer of Sibrel Inc., a manufacturing company, has provided the following financial data for September:  
The company had no beginning or ending inventories.
Required:
a. Prepare an income statement in good form for September using the traditional approach.
b. Prepare an income statement in good form for September using the contribution approach.