Horizontal Analysis Income Statement (Figure 16.6)
{"Image DocumentName": "Horizontal Analysis Income Statement (Figure 16.6)", "Image ImageDescription": "FLINT COMPANY. Comparative Income Statement. For Years Ended December 31, 2013 and Increase (decrease) Amount Percent. Sale   90,000  80,000  10,000. Sales returns and allowances 2,000 2, Net Sales  88,000  78,000  10, Cost of merchandise sold 45,000 40,000 5, Gross profit from sales  43,000  38,000   5, Operating expenses: Depreciation   6,000   5,000   1, Selling and Advertising 16,000 12,000 4, Research 600 1,000 (400) Miscellaneous 1, Total operating expenses  23,800  18,500   5, Income before interest and taxes  19,200  19,500   (300) Interest expense 4,000 4, Income before taxes  15,200  15,500   (300) Provision for taxes 3,800 4,000 (200) Net income  11,400  11,500   (100)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}