Although the basics of an income statement are the same from business to business, there are notable differences between services, merchandisers, and manufacturers when it comes to the accounting ...

Anderson is CPA, doctor of accounting ... reduce taxable income or smooth earnings. Although this method may comply with accounting rules, it can create misleading financial statements if done ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...