Income Statement: Why It's Important + Examples

Income Statement income statement How to prepare an income statement · 1 Print the trial balance · 2 Determine your total revenue or sales · 3 Determine your cost of goods thesis statement example An income statement begins with money that you have earned from selling something There are several different names given to the money you make selling

income statement Subtract the selling and administrative expenses total from the gross margin Doing this will give you the amount of pre-tax operating income