Monthly Archives: 2 сар 2023

Since most other financial statements are prepared annually or biannually, an income statement is also created monthly or quarterly. An income statement is also called a profit and loss statement, earnings statement, or statement of operations. Public https://flarealestates.com/page/71 companies are legally required to produce an income statement, along with other financial statements such as the balance sheet and cash flow statement. Learn more about how to create a cash flow statement with a free template for you to download. Income Statement Report Non-operating revenue refers to other sources of income such as interest income from capital held in a bank or income from rental of business property. It provides a dynamic view of the business operations, indicating how well the company can generate profit from its operations. This statement shows…