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INCOME MSFT income MSFT balance

STATEMENTS VS statement sheet

A balance sheet is comprised of three items: assets,
liabilities, and owner’s equity. It details the financial health
of company at one point in time, rather than over a period
of time. A company's assets must equal liabilities and
owner’s equity. A balance sheet is used to determine a
company's current financial situation, in order to make
important financial decisions.

An income statement is comprised of a business's income

and expenses over a period of time. Revenues are recorded
as credits, and expenses as debits. Often referred to as a
profit and loss statement, it determines profitability.

An income statement is used to determine whether a

company is showing net income or not. The balance sheet
is often much more detailed than the income statement, as
it requires a full inventory of every asset and liability a
company has on its books at any given time. The income
statement lists revenue and expenses for a given period of
time, but at the end of the reporting period, those accounts
are zeroed out.
INCOME Don’t be shy! Show them how fabulous you

are. List or summarize key points here
about what you do. And here’s one more tip
for the road…
The Income Statement shows their revenue, gross
profit, operating expenses, tax expenses, and the You might want to mention a few of your WHAT MSFT’S
net income for four fiscal years. Analyzing the
most recent one, 2018, their net income dropped
most impressive clients here:
1. Big, important company
from 2017 by around $10 billion. They had
2. Really well-known company SHOWS
expenses of taxes, interests, operating expenses
(research development, selling 3. Very impressive company
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