Hi everyone,
This financial statement totally confused me. What's the cost of goods sold here for 2008? Is it 84,616 or 71,527?
Thanks!!
| Attachment | Size |
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| Income Statement 228.69 KB | 228.69 KB |
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Neither, it's $13,089. Beginning Inv (84,616) - Ending Inv (71,527) = COGS. You can also see this through Total Rev - Gross Profit.
Got it! Many thanks!! Sorry another quick question, in the cf statement there is a charge for acquisition of a website in the cash due to investing activities part. Is acquisition of website part of Capex?
So we're just going to ignore purchases, production, etc.?
Yes, because it's 0. I don't get why you would throw MS...
It's actually the 13,089 number (Revenue - Gross Profit). The two numbers you mentioned are goods purchased and ending inventory.
.
Dunno if it's my computer or something fucking up the format but on the left side it says COGS is 13,089 as well.
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