Income Statement For Beginners and Intermediate

In this video I walk you through the Income Statement for Spa Booker (a made up business) an online marketplace. My goal is to explain to you:

What goes into each section of the statement
The mechanism by which each item gets recorded
What adjustments needs to made to finalize the numbers
And what Accounting standards apply to each line

Watch my Balance Sheet Explainer Video:
   • How to Read & Analyze the Balance Sheet Li...  
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All views expressed on my channel are mine alone. Not intended as financial or professional advice