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
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Last modified: Thursday, September 16, 2021, 3:54 PM