Shutterstock A company’s statement of income is often called its profit and loss (P&L) statement. It lists revenues, expenses, and net profit for the period covered. There are typically ...

If your net income is positive, you’ve earned a profit. If it’s negative, your business has taken a loss during the ... and reviewing a P&L statement regularly. If you’re new to P&L statements, you ...

On a company’s income statement, also called its profit and loss statement, you’ll find net income near the bottom. Net income is a critically important metric that investors must understand ...