APP: 013 Intro to Income Statement

In this particular episode, you will learn The Income Statement Podcast transcript: Income Statement The income statement, also referred to as a profit and loss statement, reports the financial performance of a business over a period of time. Because the information is reported over a period in time, the income statement can be compared to a video. Typically the time period will be one year or three months at a time. Revenue will indicate how the business is generating money from the sale of go...