income staements

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.