You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...
Start by looking at cash flow from operations, the section that tells you how much money the company’s main business is ...
Discover key differences in income statements for merchandising and service companies, including inventory, cost of goods sold (COGS), and revenue variations.
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