Income Statement Explained Intermediate Accounting
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-11-04

In this video, I explain the income statement. The Income Statement is one of a company's core financial statements that shows their profit and loss.   An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows.

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