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.
What is an income statement? It is frequently called the profit and loss statement, which explains precisely what it is intended to show: how much money a company made (or lost) over a given time period, usually a quarter or a year. DST Systems, Inc.