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Definition of Income statement
1. Noun. A financial statement that gives operating results for a specific period.
Generic synonyms: Financial Statement, Statement
Definition of Income statement
1. Noun. (accounting) A calculation which shows the profit or loss of an accounting unit (company, municipality, foundation etc.) during a specific period of time, providing a summary of how the profit or loss is calculated from gross revenue and expenses. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Income Statement
Literary usage of Income statement
Below you will find example usage of this term as found in modern and/or classical literature:
1. Principles of Accounting by William Andrew Paton, Russell Alger Stevenson (1916)
"The statements which are prepared to furnish this information are the Income
Statement and the Balance Sheet, respectively. These statements will be ..."
2. American Railway Accounting: A Commentary by Henry Carter Adams (1918)
"The income statement stands for a definite period; the profit and loss statement
disregards all periods; the balance sheet balance covers the entire life of ..."
3. Financial Investigations: A Financial Approach to Detecting and Resolving Crimesby Don Vogel by Don Vogel (1999)
"However, unlike the balance sheet, the income statement date is preceded by the
... The income statement reflects a business's net income or loss for the ..."
4. The Parliamentary Debates: Official Report by Northern Ireland Parliament. House of Commons (1898)
"I do not wish to force my opinion on the House, but the term " income- statement "
is a technical one, and I am advised that the income-statement would ..."
5. Principles of Railroad Transportation by Emory Richard Johnson, Thurman William Van Metre (1920)
"The income statement, 259. The profit and loss account, 260. The general balance
sheet, 261. The need for accuracy and uniformity in railroad accounts, 263. ..."
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