78.7k views
5 votes
Can someone help with the statement of financial position and the trading part of the income statement

Can someone help with the statement of financial position and the trading part of-example-1
User Bogen
by
8.4k points

1 Answer

3 votes

The income statement is a financial statement that is used to help determine the past financial performance of the enterprise, predict future performance, and assess the capability of generating future cash flows. ... Net income (the “bottom line”) is the result after all revenues and expenses have been accounted for.
User Michael Teper
by
8.4k points