Business / Accounting / Multiple-Step Income Statement (Multi-Step): An income statement (Profit and Loss ) which has had its revenue section split up into sub-sections in order to give a more detailed view of its sales operations. Example: a company sells services and goods. The statement could show revenue from services and associated costs of those revenues at the start of the revenue section, then show goods sold and cost of goods sold underneath. The two sections totals can then be amalgamted at the end to show overall sales (or gross profit). See Single-step income statement .
Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
Statement Adjective Synonyms: assertion, allegation, declaration, expression, report, account, affirmation, asseveration, averral, announcement, annunciation, proclamation, utterance, communication, disclosure
Business / Real Estate / Passive Income: Income generated when a person is not active in a business or occupation. Examples of situations where passive income is generated include limited partnerships or rental income remaining after allowab MORE
Business / Finance / Passive Income Generator (PIG): An investment that favors passive income, such as an income-oriented real estate limited partnership. MORE