Wade Phillips. Peyton Manning poked fun at Wade Phillips last week on a homemade video, congratulating him on a 39th year coaching in the NFL. But not before Manningâs brother, Cooper, butted in with an impression.
The income statement presents a summary of the revenues, gains, expenses, losses, and net income or net loss of an entity for the period. This statement is similar to a moving picture of the entity's operations during the time period specified.
Income Statement. You could think of a company's income statement as a record of its financial transactions with the outside world.. When the company earns money from customers, it goes down as revenue on the income statement.When it incurs an expense, that expense goes on the income statement.ncome Statement. You could think of a company's income statement as a record of its financial transactions with the outside world.. When the company earns money from customers, it goes down as revenue on the income statement.