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Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profit or loss.
Statement Of Owner's Equity
A financial document showing changes in the equity of a company due to contributed capital, earnings, and withdrawals over a period.
Administrative Expenses
Overhead costs not directly tied to a specific function such as manufacturing, production, or sales, including salaries of senior executives, costs of general services, and office rents.
Selling Expenses
Costs incurred directly and indirectly from selling a product or service, including advertising, salaries for sales staff, and distribution expenses.
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