What Is The Income Statement

Topics:
Financial Statements
Tags:
E-articles.info,
Finance,
Income,
Income Statement,
Operational Accounting,
Personal Finance
Source:
E-articles.info

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Overview: In contrast with the balance sheet that reflects the situation of the company at a fixed point in time, an income statement reflects the company's activity over a period of time. The income statement presents the company's accounting revenues and expenses. A later section will discuss the difference between revenues and expenses and cash movements. The purpose of this statement is to present a summary of the company's activities over this period of time.

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Format: HTML | Date: Jan 2007 | Pages: 3

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