Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

A vertical analysis is used to show the relative sizes of the different accounts on a financial statement. For example, when a vertical analysis is done on an income statement, it will show the top ...

Your annual income is the total amount of money a person or a business earns during the year. This includes all money generated through all income sources, such as salaries and wages, rental ...