Answer:
The income statement consists of revenues (money received from the sale of products and services, before expenses are taken out, also known as the “top line”) and expenses, along with the resulting net income or loss over a period of time due to earning activities.
Explanation:
Revenues, Expenses, and the resulting net income/loss
Some also consider gains and losses to be apart of the income statement
BTW this is a more of a business question than a mathematics question.
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