Income Statement

One of the major financial statements  The financial statements are documents with information on the business activities and financial performance of companies. There are 2 types of financial statements. 1-Private... focused on a business’s revenues and expenses in a particular period. It is also known as the profit and loss statement. The income  Income, also known as earnings or profits, is money that a person or a business receives in return for working, providing a product or... statement includes the gross profit  The profit a business makes after deducting the costs involved in making, providing, and selling the goods and services. In an income statement, it..., earnings  Total earnings received by a business based on the U.S. Income Tax Return. The financial numbers of these earnings depend on the type of... before tax, and net profit  Also known as net income or net margin, the net profit is the net income on an income statement. It is the revenue minus....Tax Returns: The forms a business makes on an annual statement of income and personal circumstances sent to the IRS to assess the liability for tax. Most businesses on Vetted  Having put someone or something through a careful examination. At Vetted Biz, we put franchises and businesses through a careful examination and benchmarking of... Biz will reference the information on their most recent tax returns to provide the most accurate data.