Income Statement. An income statement, sometimes referred to as the statement of profits and losses, reports a business entityâs various revenues, costs and expenses, as well as net income -- the principle element of an income statement. Thus, an income statement is a summary of a business entityâs financial performance during a given accounting period. An income statement normally is organized to cover operating activities, nonoperating activities such as investments, any discontinued operations, and any unusual and infrequent extraordinary events.
Overview of Honey Bees Facts, Types & Characteristics. Honey bees, although one of the most popular bees, represent only a small percent of bee species. Honey bees are the only surviving group of bees from the Apini tribe, which is under the Apis genus. They are known for producing and storing honey, or liquefied sugar, as well as building impressively large nests using wax secreted by workers in a particular colony.
Honey bees are a yellow-orange color. During the spring, honey bee colonies may swarm. Swarming is the process of honey bee colony reproduction and involves the splitting of a colony where 30-50% of the bees leave the hive with the old queen. The swarm flies to a temporary site for a day or two before a new permanent nest site is chosen. These swarms often alarm people, but bees in this state are very docile because they donât yet have a nest to defend. Honey bees prefer to build a nest in a sheltered location such as a hollow tree, wall, or attic and seek out such locations.