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 Basics The income statement tells those outside the company just how things are actually going. It shows an accurate portrayal of what went on at the company for a whole year. However, in order to really see how the particular year went, it is important to look at prior years. Income statements can show over time how certain kinds of decisions affect