Equity Overview, How it Work, Types, Formula, Example

For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial total equity formula statements. Return on Equity is a...

Net Income NI: Definition, Uses, and Formula

Both are important parts of your finances, so it’s important to know what your gross income and net income are. Taking the time to understand what you earn can help you prepare for a financially sound future. Typically, net income is synonymous with profit since it...