Quick Answer. Masonry construction involves creating a building, wall, floor or other structure with bricks, concrete blocks or stone. Cement mortar or grout holds the masonry units together. Masonry construction is affordable, durable, and resistant to fire and mold. Continue Reading.
Subtract the cost of goods sold plus any overhead or other costs to produce the goods to find the gross profit. For example, if your total revenue equals $900,000 and your costs of goods sold equals $500,000, subtract $500 from $900 to get $400,000. Related Reading: How to Figure Local Net Savings on a Balance Sheet.Step 3. Subtract any administrative expenses and costs of making the sale to find the net income before taxes. Continuing the example, if you have $100,000 in administrative costs, subtract $100,000 from $400,000 to get $300,000.ubtract the cost of goods sold plus any overhead or other costs to produce the goods to find the gross profit. For example, if your total revenue equals $900,000 and your costs of goods sold equals $500,000, subtract $500 from $900 to get $400,000. Related Reading: How to Figure Local Net Savings on a Balance Sheet.
The income statement for each of the 10 years (2010-2018) would show Bond Interest Expense of USD 12,000 (USD 6,000 X 2); the balance sheet at the end of each of the years (2010-2018) would report bonds payable of USD 100,000 in long-term liabilities.