ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

What does the income statement summarize?

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Income statement explains about the revenues and expenses so as to know the profit or loss ascertained in the firms or industries. So as to manage the working of the companies, the statement is used by the creditors, those who are investing in the business and even the outsiders. It is prepared either Quarterly or Annually. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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