The statement is frequently used at the conclusion of a company period (monthly, quarterly or annually). An income statement is among the main business financial statements. The ideal way to learn to read and analyze it is to pick up a real company's annual report or Form 10-K and familiarize yourself with the financial statements contained there. You use an income statement to track revenues and expenses so that you're able to ascertain the operating performance of your company over a time period.
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