Income statement (also referred to as profit and loss statement (P&L), revenue statement, statement of financial performance, earnings statement, operating statement or statement of operations) is a company's financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as Net Profit or the "bottom line"). It displays the revenues recognized for a specific period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
The important thing to remember about an income statement is that it represents a period of time. This contrasts with the balance sheet, which represents a single moment in time.
A top (also called spinning top or spintop) is a toy that can be spun on an axis, balancing on a point. This motion is produced in the most simple forms of top by twirling the stem using the fingers. More sophisticated tops are spun by holding the axis firmly while pulling a string or twisting a stick or pushing an auger as shown in the pictures on this page. In the kinds with an auger, an internal weight rotates, producing an overall circular motion.
The top is one of the oldest recognizable toys found on archaeological sites. Spinning tops originated independently in cultures all over the world. Besides toys, tops have also historically been used for gambling and prophecy. Some role-playing gamers still use tops to augment dice in generating randomized results; it is in this case referred to as a spinner.[citation needed] A thumbtack may also be made to spin on the same principles.
The action of a top relies on the gyroscopic effect for its operation. Typically the top will at first wobble until the shape of the tip and its interaction with the surface force it upright. After spinning upright for an extended period, the angular momentum, and therefore the gyroscopic effect will gradually lessen, leading to ever increasing precession, finally causing the top to topple in a frequently violent last thrash.
Line or lines may refer to:
Efraín David Fines Nevares (born October 5, 1981) age 30 known professionally as Tito "El Bambino" is a Puerto Rican recording artist. He rose to fame as Tito of the duo Héctor & Tito.
In 2010 his song, "El Amor", written with Joan Ortiz Espada, was awarded Latin Song of the Year by the American Society of Composers, Authors and Publishers (ASCAP). He was awarded Songwriter of the Year at the 2011 ASCAP.
Tito and his partner released a number of hit songs in their native Puerto Rico, including "Amor de Colegio" (ft. Don Omar), "Felina", "Baila Morena" (ft. Glory), and "No Le Temas a Él", a song which not only raised their popularity, it helped raise popularity for the then up-and-coming Trebol Clan. After years of working together, they separated, but not before releasing a final album, Season Finale, which featured some of their greatest hits. The duo broke up due to Tito's belief of disloyalty from Hector.[citation needed]
Héctor y Tito released their first album in 1998. Together they became reggaeton stars releasing several successful albums and making appearances in several compilations, becoming one of the most sought-out duos in the genre. Both became the first reggaeton artists to sell out a massive concert in Puerto Rico, opening the path to other artists such as Tego Calderón, Daddy Yankee and others. Bakalao stars