When comparing the accounting of several income statements over time, you can chart trends in your operating performance. This helps you chart future goals and strategies for sales, inventory ...

Anderson is CPA, doctor of accounting ... This financial document is sometimes called a statement of financial performance. An income statement shows whether a company made a profit, and a ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss-- also called ... While the accounting that ...

To help explain things easily, let's consider an apparel manufacturer as an example in outlining the major components of the income statement: Sales ... accrual basis of accounting used to ...