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Income Statements: CNBC Explains

Sunday, 29 May 2011 | 12:00 AM ET

Want to be an informed investor? Buckle down and learn to read corporate balance sheets. You need to know how to scrutinize overall expenses and revenues in these corporate snapshots in order to to discern profitability and earnings. Salman Khan of the Khan Academy runs through a hypothetical income statement and identifies what each number means.