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Xacc 280 Income Statement Analysis

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Xacc 280 Income Statement Analysis
Financial Statements
Jeff Gribbins
XACC 280
November 9, 2010
Thomas Ruth

In the University of Phoenix Phx Klips Financial Statement and the Income Statement I learned many interesting things. On the balance sheet it gives an overview of how the business assets, liabilities, and equity are distributed at that time. It is an overview but it does not go into great detail, just general information. The income statement reports a company’s net income or net losses for a specific period of time. This is a good way to find out if the company made more revenues or expenses for that period of time. The retained earnings statement shows the amount of net income the company decides to retain; if the company decides to pay out to shareholders
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