7 Secrets to Investing Like Warren Buffett by Mary Buffett & Sean Seah

Author:Mary Buffett & Sean Seah
Language: eng
Format: epub
Publisher: Scribner
Published: 2019-10-22T00:00:00+00:00

In this chapter, we will be looking at an even more exciting statement: the income statement. We say this is an exciting statement because it is the report card of a business.

The income statement allows us to see if the business is making money or losing money. Like a balance sheet, each of us has a personal income statement.

Let’s bring our friend Tommy back into the picture and take a look at his income statement for 2018.

Tommy’s income statement for year ending December 31, 2018

Income

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