A small business income statement helps the business see whether it’s operating at a profit or a loss You can use a single-step or multi-step income statement formula, with single-step formulas ...

How to read an income statement . Below is the 2021 quarterly income statement from Ford's Form 10-Q. ... The balance sheet follows a simple formula: Asset = Liabilities + Shareholder's equity.

Dividends aren't listed on the income statement, ... If the company earned $10 million and has five million outstanding shares, our formula shows a net income of $2.00 per share.