Income statement

An Income Statement or a Profit & Loss Statement shows you the company's revenues and expenses. Income statements are one of the financial statements that public companies have to publish.

An Income Statement can tell you how capably the company is being managed and highlight areas that the company is doing great at, or not doing too well at.

There are four main parts of an income statement that you should pay attention to: revenue, gains expenses, and losses. Net Income is calculated by adding total revenue and gains and removing total expenses and losses

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