The income statement is the most common financial statement and shows a company's revenues and total expenses, including noncash accounting, such as depreciation over a period of time. A cash flow ...

In investor parlance, revenue is the top line figure before all costs have been deducted; conversely, net income—found in the lower portion of the income statement—is the bottom line ...

Because the income statement "resets" each year ... Gross revenue takes into consideration COGS. Gross revenue is the total amount of revenue generated after COGS but before any operating and ...

the income statement illustrates just how much income your company makes or loses during the year by subtracting cost of goods and expenses from total revenue to arrive at a net result ...