Tracking your net worth is like keeping a scorecard of your financial progress in life. Calculating your net worth is straightforward. First, you add up all of your assets -- your checking account, ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...