Below is the 2021 quarterly income statement from Ford's Form 10-Q. One of the first things that you will notice is that the report is using horizontal analysis.

Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS ...

An income statement simply displays the company’s revenues and expenses, providing investors with an array of information that can be used to gauge its value. Image source: The Motley Fool.

A Schedule K-1 is a federal tax form that business partnerships and S corporations use to report a partner's share of the income, losses, capital gains, dividends, and other items.