The income statement describes how much money a company has made or lost over a given period, usually three or 12 months. A company that produces or sells merchandise uses a form of the income ...

If your business buys goods and offers them for resale, your inventory will factor into your balance sheet as part of cost of goods sold (COGS). If you buy less inventory, your income statement figure ...

An essential financial document that reports revenue, expenses, gains, and losses David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...