Class Notes (786,669)
Canada (482,233)
Langara College (1,809)
FMGT 1116 (41)
B.Galdiks (3)
Lecture

Income.docx

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School
Langara College
Department
Financial Management
Course
FMGT 1116
Professor
B.Galdiks
Semester
Winter

Description
Income Statements  a report  states the total amount of revenue earned  the total amount of expense cost  usually written for a specific time period ( month, year)  revenues earned includes:  sale products  promotions  sale services  promotions  in exchange for an asset such as a “refund” which would be cash or accounts receivable, 1  expenses are spent in order:  for the organization to be able to still have company  able to sell a product or provide a service Statement of Owner’s Equity
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