Income Statement Overview

              INCOME STATEMENT (l/S) FINANCIAL STATEMENT SUMMARIZING A  BUSINESS'S REVENUES AND EXPENSES               OVER A PERIOD OF TIME               PERIOD OF TIME THIS COULD BE A WEEK, MONTH,      QUARTER OR A FULL YEAR   THE I/S  HELP 'READERS' DETERMINE A BUSINESS FINANCIAL PERFORMANCE                           BASIC               INCOME STATEMENT FOR THE PERIOD ENDED MMM-DD-YY                                  $ REVENUE                 X EXPENSES              (X) PROFIT/(LOSS)   X/(X) PROFIT WHEN REVENUE > EXPENSES LOSS WHEN EXPENSES > REVENUE EXPANDED AKA. PROFIT & LOSS STATEMENT (P&L) DIRECT COSTS  EXPENSES WHICH CAN BE DIRECTLY TRACED THROUGH TO GOODS SOLD            OR SERVICES PROVIDED INCOME STATEMENT DETAILED FOR THE PERIOD ENDED MMM-DD-YY    X (X) X/(X)  (X)   X/(X)   X/(X)  (X)  (X)  $  $  $  $  $  $    X (X)    X (X) X/(X)   X/(X)   TERMS CHANGE WHEN... TOP LINE DIRECT VARIABLE INDERECT VARIABLE INDERECT FIXED SALES INDERECT COSTS INDERECT FIXED RENT SALARIES INSURANCE ADMIN LEGAL ACCOUNTING MARKETING DEPRECATION AMORTIZATION REVENUE COST OF GOOD SOLD GROSS PROFIT/(LOSS) OVERHEAD EXPENSES OPERATING PROFIT/(LOSS) INTEREST EXPENSE TAX EXPENSE NET PROFIT/(LOSS) INDERECT VARIABLE ADVERTISING COMISSIONS UTILITIES MMM-DD-YY MOVEMENT COMPARATIVE PERIOD A DIFFERENT PERIOD OF TIME       COMPARATIVE INCOME STATEMENT   FOR THE PERIOD ENDED MMM-DD-YY NET PROFITS HELD FOR FUTURE USE ARE STORED IN RETAINED EARNINGS          IN THE BALANCE SHEET                       FINANCIAL RATIO ANALYSIS ACROSS           COMPARATIVE PERIODS CAN PROVIDE       VALUABLE INSIGHTS ABOUT A BUSINESS'S PROFITABILITY , EFFICIENCY , LIQUIDITY & LEVERAGE (X)  X/(X)   (X)  X/(X)   (X)   (X) X/(X) X X X X X X X X X   (X)  X/(X)   (X)  X/(X)   (X)   (X) X/(X) X COSTS REVENUE COST OF SALES GROSS PROFIT /(LOSS) OVERHEAD EXPENSES OPERATING PROFIT/LOSS INTEREST EXPENSE TAX EXPENSE NET PROFIT/(LOSS) BOTTOM LINE  PRODUCTS SOLD COST OF GOOD SOLDS GROSS PROFIT SELLING SERVICES SERVICE RENDERED COST OF SERVICES GROSS PROFIT SELLING GOODS NET PROFIT/(LOSS) EXPENSES WHICH CAN'T BE DIRECTLY  TRACED THROUGH TO GOODS SOLD           OR SERVICES PROVIDED 'READERS' OF FINANCIAL STATEMENT       ARE EXISTING AND POTENTIAL INVESTORS, LENDERS AND CREDITORS

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2022 11 15 10.28.34