Guide to the General Index of Financial Information ... - New Learner
Guide to the General Index of Financial Information ... - New Learner
Guide to the General Index of Financial Information ... - New Learner
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ExampleMultiple lines <strong>of</strong> business – Part 1Main Income StatementRevenueSales 1,500,000O<strong>the</strong>r revenue 1,500Foreign exchange 4,200Investment 5,630Buy it Here (net) 152,850Rent-a-Thing (net) 311,6301,975,810Cost <strong>of</strong> sales 725,0001,250,810ExpensesAdvertising 2,000CPP 7,100Depreciation 128,000Insurance 30,000Interest on mortgages 140,900Bank charges 12,700Capital taxes 6,600Office 5,800Legal fees 5,900Consulting 4,100Management fees 2,600Parking 230Repairs and maintenance 44,000Jani<strong>to</strong>rial services 3,000Salaries and wages 282,000Supplies 14,500Property taxes 42,000Telephone 4,500Utilities 54,000Au<strong>to</strong>mobile expenses 11,700Miscellaneous expenses 30,100831,730Supplementary statement – Buy It HereRevenueSales 275,000Cost <strong>of</strong> sales 95,500Gross pr<strong>of</strong>it 179,500Operating expensesAdvertising 750Medical plan 400CPP 1,200Repairs and maintenance 300Salaries and wages 21,000Supplies 1,800Utilities 1,20026,650Net income 152,850Supplementary Statement – Rent-a-ThingRevenueEquipment rental 350,000ExpensesMedical plan 570CPP 1,500Repairs and maintenance 800Salaries and wages 30,000Supplies 5,50038,370Net income 311,630Net income before taxes 419,080Unrealized gain (loss) 51,930Income taxes 9,000Net income after taxes 462,010www.cra.gc.ca 27
Change language