Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

In a company’s income statement, revenue represents the top line figure for the amount of money generated from the sale of goods and services. From there, most of the items listed on the income ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first ...