The income statement, also called the profit-and-loss statement, is a more detailed presentation of earnings, which is crucial when trying to uncover potential bargain stocks. To describe where a ...

The four primary types of financial statements are: balance sheet, income statement, cash flow statement, and statement of shareholders' equity. Comprehensive income offers a fuller picture of a ...

These summaries are drawn from the general ledger. There may be footnotes in an income statement that describe specific cash purchases, but this is not a reliable source for line-item details.

Cash flow statements describe changes in the amount of cash and cash equivalents a business has on hand. This is not the same as profit or loss, which is detailed on a company's income statement.