Income statement shows company's income, expenditures and profit/loss for a period. Also known as profit and loss, statement of operation or earnings statement. Helps business owners evaluate profit generation strategies
EIN is a nine-digit unique number assigned by IRS for US business identification. Used for tax administration, not for any other purposes. Created by IRS in 1974 under 26 USC 6011(b)
Financial statements detail company's financial activities and health. For-profit statements include balance sheet, income statement, cash flow, and equity changes. Nonprofit entities use similar statements but with different names
P&L statement shows revenues, expenses, and net profit for a specific period. Public companies must file P&Ls with SEC for legal reporting. Statements help evaluate company performance and profitability
NOPAT represents a company's after-tax operating income without debt financing. Removes financing differences to enable more accurate industry comparisons. Equivalent to Tax-Effected EBIT or Earnings Before Interest After Taxes
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