16 ) part 2
income statement

*) definition of income statement:

is the member of the finansial statement that tell fans whether or not company Made a profit or incurred loss in an accounting period
*) income Statement component
   net income = revenve - expenses
# net income= is the amount of money that is left after a company subtracts their expenses from their revenve
# revenve = is the money that a company takes in
# expenses =  are the money that a company pays out
*) purpose of income statement
the main thing that fans want to know from issy is the buttom - line   profit or  loss that a businesses  had in a certain time period , they are a total of all activities from  the begining chosen  time period  until the end of the chosen time period

http://study.com/academy/lesson/what-is-an-income-statement-purpose-components-format.html