Investigating Financial Statements
• Financial Statements o Income Statement o Balance Sheet o Cash Flow o Notes to the Financial Statements
7
Investigating Financial Statements
• Income Statement o Income statement shows revenue and expense earned over a specific time o The literal “bottom line” shows the company’s net income or loss o Top of the income statement is the total amount of revenue brought in through sales or fees – often referred to as gross o “Gross” because expenses have not been deducted
8
4
Made with FlippingBook - Online catalogs