Summary
Chapters
Video Info
The income statement reflects a company's net income. Net income is figured by subtracting expenses from revenue, but practices such as deferring revenue can affect how income is figured.
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Chapter 1: The Income Statement
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Chapter 2: Components of an Income Statement
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Chapter 3: Types of Expenses
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Chapter 4: Accruals and Deferrals
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Chapter 5: Is it an Asset or an Expense?
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Chapter 6: Gains and Losses
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Chapter 7: Review
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