How is the income statement artificial when a company library a public sale for change?
Answers: there is a homework article in answers!
Revenue will increase (credit) the dosh will be reflected on the match sheet (debit).
There would be some cost of sales that would hit the income statement depending on the product or service person sold. The above is the journal entry that would be made due to the Dutch auction. Cost of sales would be things similar to time (salaries) directly related to the sale, fabric used.