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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1609 |
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In other words, income statement provides information regarding the revenue earned by the company within a specified period of time. To be more forward, income statement demonstrates inflows and outflows of assets, where inflows are revenues and outflows are expenses. An excess of inflows over outflows is net income, whereas an excess of outflows over inflows is named as net loss...
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3
Sales – Cost of Sales (or COGS, Cost of Goods Sold, or Direct Costs) = Gross Margin
Gross margin – Expenses = Profits 3
2 http://www.wisegeek.com/what-are-financial-statements.htm
3 http://planasyougo.com/the-three-main-statements
4http://www.fool.com/investing/beginning/how-to-value-stocks-how-to-read-a-balance-sheet...
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