The Income Statement Reports Revenues And Expenses Over The

Reports how much of the firms earnings were retained in the business rather than paid out in dividends.

The income statement reports revenues and expenses over the. The income statement shows investors and management if the firm made money during the period reported. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities this statement is one of three statements used in both corporate finance including financial modeling and accounting. Reports the impact of a firms operating investing and financing activities on cash flows over an accounting period. The income statement is one of a company s core financial statements that shows their profit and loss over a period of time.

The income statement consists of revenues and expenses along with the resulting net income or loss over a period of time due to earning activities. The operating section of an income statement includes revenue and expenses. Revenue and expense the income statement. An income statement is one of the three major financial statements that reports a company s financial performance over a specific accounting period.