University of Maryland Global Campus Wk 4 Income Statement Tesla Inc Report

Instructions for Tesla Inc.

Week 4 Report Income Statement (Tesla, Inc.)

Overview

Review the instructions for the SEC 10-K project. This week’s report focuses on the Income Statement.

Review the discussion board in week three on the Income Statement.

Write a brief report of at least one-page. Consider using bullet points.

This report will assist you in the final SEC 10-K project deliverables.

1. Submit it as a Word document.
2. Requirements
3. The report should include the following:
4. Sections or line items of the Income Statement including but not limited to:
5. Revenue (Sales)

Cost of Goods Sold

Gross Profit

Indicate if this is a Single-Step or Multi-Step Income Statement based on our course resources

• Expenses; include two items on the income statement that are expenses

Net Income or Loss

• Do not include EPS (Earnings per Share) or any per share values
• References:  Tesla Inc. SEC 10-K https://www.sec.gov/ix?doc=/Archives/edgar/data/13…Financial Reporting and Concepts. (2021, October 20), from https://www.principlesofaccounting.com/chapter-20/————————————————————————————————————————————————
• *Discussion Board in Week Two (Below is just for reference and not required)*
• Requirements
• The report should include the following:
• Sections or line items of the      Shareholders’ Equity including but not limited to:
• Beginning Balance

Common Stock

Retained Earnings or      Accumulated Deficit

Accumulated Other Comprehensive      Income or Loss

Net Income or Loss

References:

Tesla Inc. SEC 10-K https://www.sec.gov/ix?doc=/Archives/edgar/data/13…

Financial Reporting and Concepts. (2021, October 20), from https://www.principlesofaccounting.com/chapter-15/