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Re: linkvest post# 107805

Thursday, 11/30/2017 11:16:45 AM

Thursday, November 30, 2017 11:16:45 AM

Post# of 122983

of course its going to be a non profit when its in line on a Profit/loss report then you add in the gross revs

Wrong again...Gross Revenue comes at the top of an Inc / Loss Statement, not after Inc / Loss from Operations. In BRGO's case Gross Revenue is shown as 'Sales, net', top line (see below). You could not arrive at Inc / Loss from Operations without first starting with Gross Revenue!

Cost Acct 101 (This is actually Cost Acct 101)
Line 1.....GROSS REVENUE
Line 2.....minus CGS (Cost of Goods Sold)
Line 3.....= GROSS PROFIT