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Another term for an income statement is an
Operating statement
the basic calculation users to analyze an income statement
Income minus expenses
income statement
An income statement shows a company revenue, expenses, and profit over a period of time
Customers return
When a customer gives a product back to the store after buying it
Net income
Net income is the final profit a business has after all costs and expenses are taken out
The bottom line in a business’s income statement indicates
Net income
Finical documents
Money and finical activity
They help people see how much money a business earns, spends,owns, and owes
By comparing the categories in an income statement a business will be able to determine if it is
Spending to much on expenses
Which of the following are usually responsible for analyzing businesses income statement?
Mangers
The information about profit in businesses income statement helps establish a business stocks
Value
Example
Item | Amount |
Revenue (money earned) | $1,000 |
Expenses (money spent) | $700 |
Net Income (profit) | $300 |
So the business made $300 profit.