Business / Taxes / Income Statement: An income statement, also called a profit and loss statement, shows the revenues from business operations, expenses of operating the business, and the resulting net profit or loss of a company over a specific period of time. In assessing the overall financial condition of a company, you’ll want to look at the income statement and the balance sheet together, as the income statement captures the company’s operating performance and the balance sheet shows its net worth.
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 / Accounting / Primary Financial Statements: The balance sheet, income statement, and statement of cash flows, used by external groups to assess a company's economic standing. MORE
Business / Accounting / Horizontal Analysis Of Financial Statements: A technique for analyzing the percentage change in individual income statement or balance sheet items from one year to the next. MORE