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How the income statement should be modified to clearly present cash earnings?


earnings vs cash flows, income statement vs cash flow statement

538 day(s) ago

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CPAinLA 		A cash flow deals with actual cash you get and spend. Some cash you get in you cash flow may not be income. It may be money you borrowed. And some money you spend may not be expenses. If may be money you lent someone, or money paid to buy a car or a computer. Paying for a car or computer is not expenses, but cash outflows. An income statement deals with income you earn, including income you have not yet gotten, and expenses, including those you have not yet paid.
This are just basic differences.

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Question Title How the income statement should be modified to clearly present cash earnings?
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