Published On Jan 26, 2021
This video outlines the basics of the Income Statement (sometimes called the Profit and Loss Statement) and key sections. Some good review concepts are: (1) How does the income statement connect to the balance sheet? (2) What methods are used to develop an income statement, or how can items be reported? (3) What section of the income statement should always be positive? (4) What time period does an Income Statement usually represent?
show more