Examlex
The CERT at Carnegie Mellon University was established by the U.S.Department of Agriculture in 1988.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, illustrating profit or loss.
Profit
The financial gain obtained when the revenues generated from a business activity exceed the expenses, costs, and taxes needed to sustain the activity.
Revenue
The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.
Expenses
The costs incurred in the process of generating revenue, including but not limited to rent, salaries, and utilities.
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