Stolen from Erishkiegal
1. Grab the nearest book.
2. Open the book to page 23.
3. Find the fifth sentence.
4. Post the text of the next three sentences on your blog along with these instructions.
5. Don't you dare dig for that "cool" or "intellectual" book in your closet! I know you were thinking about it! Just pick up whatever is closest.
"Finally net income (or net loss) is determined.
Although practice varies, we have chosen in our illustrations and homework solutions to list expenses in order of magnitude.
Alternative formats for the income statement will be considered in later chapters."
My Accounting text book.
2. Open the book to page 23.
3. Find the fifth sentence.
4. Post the text of the next three sentences on your blog along with these instructions.
5. Don't you dare dig for that "cool" or "intellectual" book in your closet! I know you were thinking about it! Just pick up whatever is closest.
"Finally net income (or net loss) is determined.
Although practice varies, we have chosen in our illustrations and homework solutions to list expenses in order of magnitude.
Alternative formats for the income statement will be considered in later chapters."
My Accounting text book.