Matching Pairs Income Statement PuzzleOnline version Match the Revenues, Cost of Goods Sold, Operating Expenses, Non-operating gains and losses, and net income to the correct company. by Eo Bell 1 Non-operating income (loss) - ($15,000) (HINT: Income before income taxes - $1,000) 2 3 Revenue - $75,000 4 Net income - $3,200 (HINT: Income tax expense - $800) 5 Operating Expenses - $24,000 (HINT: Operating Income - $11,000) 6 Operating Expenses - $14,000 (HINT: Operating Income - $16,000) 7 Cost of Goods Sold - $20,000 (HINT: Gross Margin - $30,000) 8 Net income - $800 (HINT: Income tax expense - $200) 9 Cost of Goods Sold - $35,000 (HINT: Gross Margin - $55,000) 10 Non-operating income (loss) - $7,000 (HINT: Income before taxes - $20,000) 11 Revenue - $50,000 12 Revenue - $90,000 13 Cost of Goods Sold - $40,000 (HINT: Gross Margin - $35,000) 14 15 Operating Expenses - $42,000 (HINT: Operating Income - $13,000) 16 Non-operating income (loss) - ($7,000) (Hint: Income before Income taxes - $4,000) 17 18 Net income - $16,000 (HINT: Income tax expense - $4,000) Lucas Lemon Bars and Bakery - income earned after subtracting taxes and all other expenses and losses from revenues and gains. Mekhi's Musicland - gains or losses from sources not related to the typical activities of the business or organization Mekhi’s Musicland - income earned after subtracting taxes and all other expenses and losses from revenues and gains. Benjamin’s Bicycles - income earned after subtracting taxes and all other expenses and losses from revenues and gains. Benjamin’s Bicycles - Total cost of creating or selling a product or service Benjamin's Bicycle Logo Benjamin’s Bicycles - Income earned Mekhi's Musicland - Total cost of creating or selling a product or service Mekhi's Musicland - Income Earned Benjamin’s Bicycles - costs the business incurs to engage in activities not directly associated with the production of goods or services Lucas’ Lemon Bars and Bakery - costs the business incurs to engage in activities not directly associated with the production of goods or services Lucas' Lemon Bars and Bakery - gains or losses from sources not related to the typical activities of the business or organization Benjamin's Bicycles - gains or losses from sources not related to the typical activities of the business or organization Lucas’ Lemon Bars and Bakery - Income Earned Mekhi's Musicland Logo Lucas’ Lemon Bars and Bakery - Total cost of creating or selling a product or service Lucas' Lemon Bars and Bakery Logo Mekhi's Musicland - costs the business incurs to engage in activities not directly associated with the production of goods or services
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