The Income Statement
In This Chapter
Getting acquainted with the income statement
Considering different types of revenue
Determining a company’s expenses
Analyzing a company’s finances using profits and losses
Figuring out earnings per share
Every businessperson needs to know how well the business has done over the past month, quarter, or year. Without that information, he has no idea where his business has come from and where it may go next. Even a small business that has no obligation to report to the public is sure to do income statements on at least a quarterly or (more likely) monthly basis to find out whether the business made a profit or took a loss.
This chapter reviews the ...