What does an Income Statement represent? A COMPANY'S TOTAL ASSETS AND LIABILITIES ON A CERTAIN DATE THE TOTAL REVENUE AND EXPENSES A COMPANY USED TO DO BUSINESS OVER A PERIOD OF TIME THE AMOUNT OF CASH A COMPANY CURRENTLY HAS IN THE BANK THE TOTAL INCOME OF A COMPANY'S PRESIDENT OR CEO What does the "Bottom Line" refer to? TOTAL REVENUE TOTAL EXPENSES NET INCOME THE PERSON MOST LIKELY TO BE FIRED WHEN A BAD INCOME STATEMENT IS RELEASED Why do investors pay close attention to income statements? IT IS AN ACCURATE SNAPSHOT OF A COMPANY'S PERFORMANCE OVER A SPECIFIC PERIOD OF TIME BECAUSE COMPANIES WITH HIGH REVENUES ARE ALWAYS GREAT INVESTMENTS IT IS A GOOD WAY FOR INVESTORS TO TELL IF TOTAL LIABILITIES ARE GROWING IT HELPS INVESTORS CHOOSE STOCKS USING TECHNICAL ANALYSIS