TERMINOLOGY, FORMS & METHODS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS. COPYRIGHT RODERICK SEEMAN

Article 49. Earnings and Expenses Sections Earnings and expenses must be entered in sections with names indicating the items hereunder:

i. Sales

ii. Cost of Sales (Including cost of services. Hereinafter the same)

iii. Sales, general and administrative expenses.

iv. Nonoperating income

v. Nonoperating expenses.

vi. Extraordinary income

vii. Extraordinary losses.