She argued Tuesday that siding with the Moores would be a “sea change” in the court’s approach to taxes, jeopardizing trillions of dollars in federal revenue and incentivize the wealthy to dodge their taxes. Justice Amy Coney Barrett similarly said ...

It segregates total revenue and expenses into operating and non-operating heads. It also helps business owners determine whether they can generate high profit by increasing prices, decreasing costs, or both. An income statement shows how effective the strategies set by ...