Posted by IB (NJ) on August 12, 2008 at 07:26:07:
In Reply to: Re: Question re. Business Income Statements posted by Ken Holmes on August 12, 2008 at 02:30:53:
Also, I understand why and how you categorize purchases on the books but would the purchase of an asset with related expenses (i.e. rehab with rehab-related expenses) show up on a profit & loss (income) statement? I know that if it does it doesn't show up as COGS unless it's sold so then it would have to be as an expense. I just don't know if it belongs on there at all or if it's just on the balance sheet.
Ib
- Re: Question re. Business Income Statements Ken Holmes 07:40:52 08/12/08 (1)
- Re: Question re. Business Income Statements IB (NJ) 08:08:58 08/12/08 (0)