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. Definition: The income statement is a financial report that shows an entity's financial results over a specific period of time.ncome Statement. Definition: The income statement is a financial report that shows an entity's financial results over a specific period of time.