Traditional Income Statements, Explained

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What Are Traditional Income Statements?
Calculating the Components of Traditional Income Statements
Sales Revenue
Cost of Goods Sold
Gross Profit
Selling, General, & Administrative Expenses
Operating Income
Interest expense
Earnings Before Income Tax
Income Tax Expense
Net Profit
Pros and Cons of Using Traditional Income Statements
Traditional Income Statements vs Contribution Income Statements
Traditional Income Statement Example and Format
The Takeaway
3 Small Business Loan Tips
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Frequently Asked Questions
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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