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___________ memory helps us know how to ride a bike after years of not riding.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for the period.
Vertical Analysis
A financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Matching Principle
An accounting principle that dictates that expenses should be matched with the revenues they helped to generate in the same period.
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