Glencoe Accounting

Chapter 5: Transactions that Affect Revenue, Expenses, and Withdrawals

Working in the Real World

As businesses seek success in a competitive market, an excess of revenues over expenses is critical. Companies like IBM offer earnings statements to help investors understand trends in the company's revenues. Consider the other kinds of information disclosed to the public on earnings statements like those found at www.ibm.com/investor/financials/earnings.phtml.