An income statement reflects your small-business earnings and shows all the expenses incurred in generating that income. If your small business is a manufacturing company, you will show different ...

A manufacturing company makes physical products from parts and materials. The income statement is one of the most important financial statements this type of firm prepares. This statement comes in ...

The income statement is one of three important financial ... activities is often referred to as operating revenue. For a company manufacturing a product, or for a wholesaler, distributor, or ...

Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company ... Add direct labor and manufacturing overhead ...

auto insurance, and vehicle maintenance bills are considered business expenses, that would show up on the company’s income statement. However, it is worth noting that these expenses may be ...