An income statement reports a business's revenues, expenses and overall profit or loss for a specific period of time. It lists the business's revenues, expenses and whether there was an overall profit or loss. Key line items include revenues, expenses, and the overall profit or loss for the period.
An income statement reports a business's revenues, expenses and overall profit or loss for a specific period of time. It lists the business's revenues, expenses and whether there was an overall profit or loss. Key line items include revenues, expenses, and the overall profit or loss for the period.
An income statement reports a business's revenues, expenses and overall profit or loss for a specific period of time. It lists the business's revenues, expenses and whether there was an overall profit or loss. Key line items include revenues, expenses, and the overall profit or loss for the period.
• An income statement, also called a profit and loss statement, lists a business’s revenues, expenses and overall profit or loss for a specific period of time. An income statement reports the following line items: