VIEWS: 1,565 PAGES: 1 CATEGORY: Financial Statements and Projections POSTED ON: 6/16/2011
This document provides a company with a template income statement. An income statement, also known as a profit and loss statement, is a financial statement that summarizes a company's revenues and expenses during a specified period of time. This template allows a company to record current operating performance. An income statement allows managers to see a company's net income (the bottom line) once costs, expenses, and taxes have been taken out of revenues (top line).