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Management of TERP stock

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1. The classified income statement makes it easier for the management and other readers to aggregate the selected information in the company’s’ report. Classified income statement is the most applicable format to use for TERP. This is because it is characterized by multiple sub-totals within the statement. These sub-totals are classified into gross margin, operating expenses and non-operating expenses section. Also, readers can easily determine how much TERP earns from manufacturing as well as the expenses it incurred. However, single-step income statement can be applicable as long as the company deals with a single item.
2. Boeing Company focuses on different services. The classified income statement is the most applicable one. It makes it easier for the leaders to go through the performance of various services offered by the company. The subtotals are helpful in determining how the company earns from different services and what it spends in supporting its operations. Given the high level of information that needs to be added in Boeing company income statement, classified income statement will be easier to compile. The format organizes the information effectively where revenue and expenses items are listed in a sequence for easier understanding.

November 11, 2021


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