What Is the Income (Profit and Loss) Statement? A company's income statement details its revenue and expenses to demonstrate profitability for a period. For publicly traded companies, the income ...

Learn about the income statement, what it looks like, and how it can be used to assess an organization's current financial condition and future prospects.

The income statement can be a valuable way to monitor the performance of the business at during a given point in time, which is why most lenders and investors will want to see it in your business ...

Retained earnings are the cumulative net earnings (profit) of a company after paying dividends; they can be reported on the balance sheet and earnings statement.