Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

It's one of three primary financial statements. Focuses on income and expenses over a specific period. Aims to report a company's net income or earnings. Essential for assessing financial performance.

Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

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 ...

Along with the balance sheet, cash flow statement and shareholders' equity statement, an income statement is one of the major financial reports often required to be prepared by a company for its ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

When a business disposes of one of its components -- usually by selling it off, but also by just shutting it down -- accounting standards require that any gain or loss from the disposal be reported on ...

Create and customize an income statement to fit your business's needs, then save, print or send. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...