The income statement shows you money coming in versus the expenses tied to generating those revenues. The balance sheet reveals a firm's financial resources and obligations at a given moment in time.
The income statement shows you money coming in versus the expenses tied to generating those revenues. The balance sheet reveals a firm's financial resources and obligations at a given moment in time.
The income statement shows you money coming in versus the expenses tied to generating those revenues. The balance sheet reveals a firm's financial resources and obligations at a given moment in time.
obligations at a given moment in time. The balance sheet's underlying equation is Assets = Liabilities + Shareholders' The income statement shows you money coming in versus the expenses tied to generating those revenues The basic equation underlying the income statement is Revenue - Expense = Net Income.