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6 Cards in this Set
- Front
- Back
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Income Statement |
Shows company's performance over a period of time (usually one year). Also known as a Profit and Loss Statement (P&L). |
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Income Statement consists of... |
Revenue and Expenses |
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Revenue |
Sales/Costs of Goods Sold/Gross Profit |
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Gross Profit |
Sales - CoGS |
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Operating Income/Expenses |
Come from the core operation of the business. Measures how company is performing at its core business |
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Non-operating income/expenses |
Unrelated to the core operations of the business, such as interest gains and expenses or investment gains or expenses. |
