Income Statement
The formula for calculating the income statement.
What is revenue minus expenses?
The portion of the profit left over after all expenses have been paid and shareholders have been paid dividends.
What are retained earnings?
The acronym used to calculate the balance sheet.
What is A.L.O.E?
The activities that make up the Statement of Cash Flows.
What are operating, investing, financing activities?
The earnings created from its operating.
What is operating income?
The source of a company's beginning balance for retained earnings.
What is end of the year retained earnings?
The resources of value that help create revenue.
What are assets?
The issuance of stock (inflow) and the payment of dividends (outflow) is this activity.
What are financing activities?
Occurs when a company's expenses are greater than its income.
What is operating loss?
The end results of this statement is used to calculate the statement of Retained Earnings.
What is the income statement?
The creditors' claim against a company's resources.
What are liabilities?
The sale (inflow) and purchase (outflow) of factories is this type of activity.
What are investing activities?
The earnings generated from activities that are not part of a company's normal operations.
What is non-operating income?
The formula to calculate the end result of the statement of Retained earnings.
What is the beginning retained earnings plus net income, less dividends?
The stockholder's claims against the company's resources.
What is Owner's Equity?
The interest on revenue (inflow) and the payments of wages (outflow) are this type of activity.
What are operating activities?
The end result of an income statement when the company is considered to be in the negative.
What is net loss?
The result of accumulated losses outweighing profits.
What is accumulated deficit?
The measure of how well your company can pay their debts if they come due immediately.
What is net debt ratio?
The difference between what a company generates (inflows) and pays out (outflows).
What is net increase or decrease in cash?