The profit and loss Statement of a company rarely tells thewhole story of the financial picture for the company. At first glance you mightsee the expenses such as “retirement contributions,” “tax payments,” and “managementfees,” followed by a resulting net loss or very small profit on the profit andloss statement. To the layperson this might look like the owner(s) of the companyare not making any money. However, if you take a closer look, you might findanother story altogether.