Question

Lesson learned from Income Statement​

Answer 1

Answer:

An income statement is a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year). An income statement also shows the costs and expenses associated with earning that revenue. ... This tells you how much the company earned or lost over the period

Answer 2

Answer:

An income statement is a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year ) An income statement also shows the costs and expenses associated with earning that revenue...This tells you how much the company earned or lost over the period.