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Unit 3: Income Statement Transactions

Activity 3: Income Statement

 Rubric
The Income Statement

Categories Level 1 Level 2 Level 3 Level 4


(50 - 59%) (60 - 69%) (70 - 79%) (80 - 100%)

Communication: Answers the follow-up Answers the follow-up Answers the follow-up Answers the follow-up
answer the follow-up questions correctly and questions correctly and questions correctly and questions correctly and
questions correctly and completely with limited completely with some completely with completely with a high
completely. success. success. considerable success. level of success.

Application: Formats the Income Formats the Income Formats the Income Formats the Income
format the Income Statement Statement correctly with Statement correctly Statement correctly with Statement correctly with
correctly: order of accounts, limited success. with some success. considerable success. a high level of success.
titles, heading, etc.

Note: A student whose achievement is below Level 1 (50%) has not met the expectations for this assignment or
activity.

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