Accounts Executive Question:
Explain statement of income?
Answer:
This financial statement is also known as the statement of operations, statement of earnings, or income statement. It reports the corporation's revenues, expenses, gains and losses (except for items stipulated as other comprehensive income) for a period of time such as a year, quarter, 13 months, etc.
| Previous Question | Next Question |
| Described statement of comprehensive income? | What you know about income statement? |