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income statement

 

Definitions from WordNet

Noun income statement has 1 sense
  1. income statement, earnings report, operating statement, profit-and-loss statement - a financial statement that gives operating results for a specific period
    --1 is a kind of statement, financial statement

Definitions from the Web

Income Statement

Description:

An income statement, also known as a profit and loss statement or P&L statement, is a financial statement that summarizes a company's revenues, expenses, and net income or net loss over a specific period of time. It provides a snapshot of a company's financial performance and helps investors, shareholders, and analysts assess its profitability.

Sample Sentences:

  1. The income statement showed that the company had a strong quarter with a significant increase in revenue.
  2. According to the income statement, the company's operating expenses have been steadily decreasing over the past year.
  3. Investors rely on the income statement to evaluate the financial health of a company before making investment decisions.
  4. The income statement indicated a net loss for the year, highlighting the need for cost-cutting measures.

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Income Statement Books and Resources
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