 Definition of By-function income statement format - Finance dictionary
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Definitions of terms begining
with the same letter as "By-function income statement format"
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By-function income statement format ((See Chapters 3 and 5 of the Vernimmen))
This format is produced according to the way revenues and charges are used in the business cycle and investing cycle. The by-function income statement format shows the cost of goods sold, selling and marketing costs, research and development costs and general and administrative costs.
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