What's an income statement and how do you use it?

income statement The income statement walks through gross profit, adds in fixed costs, interest, depreciation, amortization, taxes to arrive at net income Income statements are

Key Points · An income statement is another name for a profit and loss statement · Revenue minus expenses equals profit or loss · An income statement ขอ statement Adding in any income from other sources, such as interest or sales of assets, brings us to a frequently cited number, EBIT, or earnings before interest and