11 FINANCIAL STATEMENTS Section 111 Income Statements Cash Flow – Income Statements
{"Image DocumentName": "Parts of a Typical Income Statement", "Image ImageDescription": "Income statements generally include these parts: Revenue. The money the business receives from selling products or services. Cost of Goods Sold. The cost of producing the goods or services. Gross Profit. Net sales minus the cost of goods sold. Operating Expenses. The expenses of running the business. Pre-Tax Profit. Gross profit minus the operating expenses. Net Profit (Loss). Pre-tax profit minus taxes. Section 11.1: Income Statements & Cash Flow.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}