When it comes to understanding a company’s financial health, the income statement is one of the most critical tools at your ...

Accrued interest is recorded as an expense or as revenue on the income statement, depending on whether the interest is being paid or received. Accrued expenses are a type of accrued liability and ...

Revenue is often considered the “top line” of a company’s income statement, as it appears ... flow necessary to cover day-to-day operating expenses. Without revenue, a business cannot ...