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Free US Law Dictionary

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Income Statement

An Income Statement, also called a Profit and Loss Statement (P&L), is a financial statement for companies that indicates how Revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.

Charitable organizations that are required to publish financial statements do not produce an income statement. Instead, they produce a similar statement that reflects the fact that the charity is not operating to make a profit.

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Divorce what will I get if all is in his families name?
yes...

Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...

I want to know if its legal for a healthcare provider to tell you something is going to be covered and when it isn't charge you; after you specifically said you couldn't afford it?
I'm not going to sugar coat anything. It's a sad world we live in toda...

We had a water pipe burst several months ago that caused drastic damage and required contractors to work on the house. The tenant did not pay the electric since two months before the pipe burst and thus the gas/electric
To be blunt: Yes.
You have just cause to evict them from the premises. As ...

Must a child leave a home when their parent's death leaves the home in the hands of their siblings?
First, make sure your mother's intention to "disinherit" you sister has been acc...


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