Sign In
Ask Question
Business
Levi Murillo
18 July, 03:52
What is income statement?
+3
Answers (
1
)
Karli Price
18 July, 04:07
0
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities.
Its a statement that your bank sends out monthly to tell you how much you have in your account (s), what you spent the past month, deposited and even any interest that built up
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What is income statement? ...”
in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
According to economic theory, if farmers find that large bumper crops lead to declines in their gross incomes this suggests that: the price elasticity of demand for farm products is less than 1.
Answers (1)
Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Bernard stopped smoking for six months, he would stop altogether.
Answers (2)
New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $700,000.
Answers (1)
It has been reported that 40% of u. s. workers employed as purchasing managers are females. in a simple random sample of u. s. purchasing managers, 70 out of the 200 are females. given this information:
Answers (1)
The Harsanyi Corp. is considering four investments. Which provides the highest after-tax return for Harsanyi Corp. if it is in the 34% federal tax bracket
Answers (1)
New Questions in Business
According to income tax law, John could adjust the cost basis of his personal residence for which of the following items? A. Interest on the home loanB. Cost of adding a new garageC. DepreciationD. Cost of replacing the water heater
Answers (1)
A firm had merchandise inventory of $30,000 on January 1, 2019. During the year the firm had purchases of $54,000, freight in of $1,200, purchases returns and allowances of $2,700, and purchases discounts of $900.
Answers (1)
If the one-year discount factor is 0.8333, what is the discount rate (interest rate) per year?
Answers (1)
Summarized operations for Splish Brothers Inc. for the month of July are as follows. Revenues recognized: for cash $30,000; on account $71,480. Expenses incurred: for cash $26,120; on account $41,220. Indicate for Splish Brothers Inc.
Answers (2)
Which accounting assumption or principle is being violated if a company reports its corporate headquarter building at its fair value on the balance sheet? Monetary unit Full disclosure Historical cost Going concern
Answers (1)
Home
»
Business
» What is income statement?
Sign In
Sign Up
Forgot Password?