Income Statement Activity with T-Shirt Business Scenarios
- Google Drive™ folder
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Description
Looking for a simplified way to teach your high school business students about income statements? This activity is the perfect addition to your financial statements unit. This resource provides essential information about the income statement, a scenario to review revenue vs. expenses, 3 short income statement business scenarios, and 3 simple income statements for students to complete with the information provided. In this activity, students will use the formulas provided to calculate gross profit, total operating expenses, and net profit. Make accounting fun with the fictional t-shirt business scenarios!
Key Features:
✅Real-world Scenarios: Dive into the world of business with business scenarios
✅Active Learning: Requires active participation and gets students involved in the learning process
✅Reinforces Foundations of Accounting: With 3 scenarios, students enhance their understanding and retention of key concepts
Extend your lesson by pairing this activity with the Balance Sheet Activity with Pet Store Scenarios. Put your students' income sheet practice into action with the Be an Entrepreneur Financial Statements and Documents project.
Included in the product:
- Teacher Guide (PDF)
- Income Statement Background Information (PDF and in Google Slides™)
- Income Statement Activity (PDF and in Google Slides™)
- Income Statement Activity Scenarios (PDF and in Google Slides™)
- Income Statement Background Information and Activity Answer Key (PDF)
Note to Teacher:
The print and digital product versions cover the same material but have been provided in two formats to give you the flexibility to fit the needs of your classroom. If you choose to use the digital version, each student will edit their own copy of the worksheets. These materials are not editable. Text boxes/ tables have been added to allow students to complete the activity electronically.
Please note that the PDF documents are NOT optimized for Google Docs™. The files in this product are meant to be PDFs, and the formatting will be off if you try to open them as a Google Doc™.
Save $$$ by purchasing this product as part of the Intro to Accounting Bundle.
Thanks for checking out this product. You may also like:
- Introduction to the Accounting Equation Activity Set
- Financial Statements Research Activity
- Balance Sheet Activity with Pet Store Scenarios
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