Glencoe AccountingChapter 5:
Transactions that Affect Revenue, Expenses, and WithdrawalsWorking in the Real WorldAs 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. |