Accounting Assignment - Due in 11 hours.
Teachers notes: I've had some questions about where to find the income statement in the Tootsie Roll Annual Report...this is a reminder that the income statement is reported under various names. In Tootsie Roll it is reported under --- CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings TOOTSIE ROLL INDUSTRIES, Also...the income statement is referred to as "profit/loss statement" or "earnings statement". If you are unsure if you have the correct statement...look for key components in the schedules provided...For example...for the income statement look for key works like "Sales" or "Cost of Sales" or "Cost of Goods Sold" or "Revenue". The balance sheet is sometimes referred to as "Statement of Financial Position".
So you should use Tootsie Roll,, I have attached with the assignment already
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