What Is an Income Statement?

The income statement is made up of multiple types of revenue and expense balances; see below for further explanation of common revenue and expense types The

The single-step income statement is the simplest income statement format It calculates totals for revenues and subtracts expenses to arrive at

income statement The income statement walks through gross profit, adds in fixed costs, interest, depreciation, amortization, taxes to arrive at net income Income statements are

ขอstatement An income statement records your company's revenue and expenses over a specific time period It shows your company's profit and loss: the