Introduction to the Income Statement

This video introduces income statements. An income statement is an account of the revenues (net sales), costs, expenses, and taxes of a company during a period of time, say from December 31, 2011 to December 31, 2012. The goal of an income statement is to compute the net profits of a company and all the different items involved.

Source: Khan Academy
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Wednesday, October 14, 2020, 5:09 PM