Stack the Income Statement

Build the Multi-Step Income Statement from the top down. Sales Revenue is already in slot 1 — your job is to pick the chip that goes in each slot next.

🎯 Objective

Place 7 line-items into slots 2–8 in canonical order: Sales Returns & Allowances → Sales Discounts → Net Sales → COGS → Gross Profit → Operating Expenses → Net Income.

🎮 How to Play

The highlighted slot is the next one to fill.
Tap the chip from the bank that belongs in that slot.
Correct → it snaps in. Wrong → the chip flashes red, try again.
Fill all 8 slots to finish the round (4 rounds total).

📚 The Multi-Step Income Statement

A multi-step income statement shows three subtotals in a fixed order. Reading top to bottom:

Sales Revenue — total amount customers were charged.
less: Sales Returns and Allowances — refunds and partial refunds.
less: Sales Discounts — early-payment discounts taken.
Net Sales — the real revenue earned.
less: Cost of Goods Sold — what the inventory cost.
Gross Profit — what is left to cover operating costs.
less: Operating Expenses — salaries, rent, utilities.
Net Income — the bottom line.

🧱 ESL Memory Aid

"Sales, Cuts, Net, Cost, Gross, Ops, Net." Contra-revenue lines sit right under Sales Revenue, before Net Sales — never inside Operating Expenses.

Ready to build?

Sales Revenue is already in slot 1. Tap the chip that belongs in each highlighted slot next, from top to bottom.

Show feedback on misses & heavy trims Helpful while learning the canonical order.

Sound effects Soft chunk on perfect drop. Default off.

Company Beginner

Multi-Step Income Statement

FY 2025

Round

1/4

Score

0

Slot

1/8

Tap the chip that goes next in the statement, from top to bottom.

Available lines (tap the next one in order)

Statement Built!

0%

0 / 80

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