Overview (Topic 1) - Baruch College

REVENUE – EXPENSES = NET INCOME. Net Profit: Revenue/Sales > Expenses. Net Loss: Revenue/Sales < Expenses (Slide 17) OVERVIEW: (Slide 19) Income Statement: Equation: Revenues - Expenses = Profit/Loss. Summarizes the financial results of a business over a fixed period of time. Tells whether a company is making a profit or not ................
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