[Accounting 101] A Simple Guide to the Income Statement
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YouTubeThe Modeling School
[Accounting 101] A Simple Guide to the Income Statement
In this short video, we explain the basics of the income statement, also known as the profit and loss statement. Learn how a company tracks its financial performance over a specific period using key components like revenue, gross profit, operating expenses, and net income. Discover how the income statement prioritizes stakeholders—covering ...
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Two leading economists are calling for a tax on wealth, land or the family home, saying Australia's income inequality is much worse than we think because official statistics ignore the income that homeowners derive from their properties. They say homeowners aren't paying rent or capital gains tax when they sell their homes, making them much better off than renters. Rhiana Whitson and Gareth Hutchens reports. Get the news that matters to you straight from the source. Download the ABC NEWS app: ht
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