Your local IRS office may be able to assist you with a income statement for the year.
Go to the IRS.gov web site and look at top right side above the search box and choose Contact IRS
Click on the below Related link
No, you do not need to send a copy of your state tax return with your federal tax return. State tax returns are filed separately from federal tax returns and typically do not need to be submitted together.
Explain the concept of depreciation and why organisations need to recognise deprecations expense in the Income Statement.
You need an income statement to see that the company is profitable, a cashflow statement to see it is solvent and a balance sheet to see it is healthy.
No, that is explained on the Statement of Changes in Owner's Equity. However, you do need to prepare a Statement of Comprehensive Income first in order to prepare the Statement of Changes.
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
Need more clarification: i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues) i = investment? (is an asset, showin in the asset section of the balance sheet) i = income? ( shown in the income statement)
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement
no. income statement is a only a statement in financial statements.
projected income statement is the estimated income statement to estimate the future business position.
income statement
income statement