Revenue and income are also prominent fixtures in tax forms filed with the IRS, as well as in company strategies for ...

Discover key differences in income statements for merchandising and service companies, including inventory, cost of goods sold (COGS), and revenue variations.

The difference between net sales and net income is the difference between the top and bottom lines. Net sales, or net revenue, is the money your company earns from doing business with its customers.

Accrued revenue is revenue that has not been received by the end of the accounting period in which the revenue is earned. Net income is a positive balance on an income statement after adjustments are ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

Removes the impact of changes in operating assets and liabilities (including changes in income tax payable), net of acquisitions and dispositions. Eliminates taxes paid on sale of assets related to ...