10B. The Illustrated Income Statement Example

[mush352]

yah i get it now...so i record the interest on the loan only or the whole amount and if it's the whole amount do seperate it from the interest? thanx man u a big help.

[mush352]

if der was a loan, how do i record it in the income statement?

[savingandinvesting]

@mush352 If Acme Corp of Example made a loan it would appear on the assets side and if they took a loan (borrowed money) it would appear on the liabilities side - does that help?

[01coyote13]

great video,could you do one on the changes in equity statement, please

thank you