Assignment: Impacts to the Profit and Loss Statement
Go to Tim’s Coffee Shoppe and look in the back office. Inside the file drawer labeled “Business” is Tim’s Coffee Shoppe Income Statement for the most recent year. This is the most recent record Tim has. This year, several large businesses are moving in around his coffee shop and he expects business to increase. Tim needs to create a pro forma profit and loss (income) statement for this year, and you need to help him.
View the rubric for the Assignment details. In a minimum of a 4–page paper in APA format and citation style which includes a title page and references page, please respond to the line items above and the two questions provided. Submit it to the Dropbox before the end of the unit.