The Income Statement - COB 241, James Madison University

in Topic 1 (Video 6 of 8)

6 minutes

The Income Statement is pretty straightforward, which makes me think that you're going to love it. Revenues and Expenses, that's pretty much it.

This Video Mentioned Some Formulas

Revenues

– Expenses

Net Income

1	The Accounting Equation	3:02
2	Assets vs Liabilities	5:32
3	Shareholder's Equity	5:26
4	The Balance Sheet	5:52
5	The Statement of Retained Earnings	5:51
6	The Income Statement You are here.	6:19
7	The Statement of Cash Flows	6:02
8	How the Statements Work Together	9:02

	Click Here to View All Topic 1 Problems at Once	View
1	Matching Basic Vocabulary	Easy
2	Account Classifications	Moderate
3	Solving for Net Income	Moderate
4	Tying the Statements Together	Moderate
5	Solving for Retained Earnings	Hard