What Does Income Statement Look Like

Also sometimes called a net income statement or a statement of earnings the income statement is one of the three most important financial statements in financial accounting.

What does income statement look like. It shows your revenue minus your expenses and losses. 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. Total revenue total expenses and net income though this. What does an income statement look like.

As you can see this example income statement is a single step statement because it only lists expenses in one main category. What is an income statement. The income statement is one of a company s core financial statements that shows their profit and loss over a period of time. Single step income statement.