The income statement shows how much money a company made and spent. It's not as simple as just listing numbers - there are tricky decisions to make. One big decision is when to show money coming in on the statement. Another is how to organize the income and expenses. And sometimes, money doesn't go on the income statement at all, but straight to the balance sheet. It's not just about adding up numbers - there's a lot of thought that goes into making an income statement.