An income statement lists a company's revenues, expenses and net income, or profit. Net income equals total revenue minus total expenses. A condensed income statement reports the same overall ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

In managerial accounting, two types of margins are generally calculated. Gross margin, revenue less cost of goods sold, is used when preparing a traditional income statement. Contribution margin, ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...

Gross income is a way of measuring the profit generated from sales alone, using just your total revenue minus the cost to you for the goods you sold. Net income, though, goes a few steps further by ...