income statement (statement of operations)

A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • income statement — n. A statement of financial gains and losses over a twelve month period; also called earnings report, operating statement, profit and loss statement. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

  • statement of operations — USA income statement, Also known as a profit and loss statement or a statement of operations. A financial statement for companies that indicates how revenue (money received from the sale of products and services before expenses are taken out) is… …   Law dictionary

  • Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Income Statement — A financial statement that measures a company s financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non… …   Investment dictionary

  • income Statement — An accounting summary of the results of operations of an organization or individual for a defined time period. An income statement establishes *net income from *revenues and *expenses, in line with the conventions of *double entry bookkeeping and …   Auditor's dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • Statement of retained earnings — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… …   Wikipedia

  • Sundry Income — Income that is generated from sources other than a company s normal business operations. This would include any income that is not generated by the sale of the company s products and services. Sundry income is likely to be less predictible in… …   Investment dictionary

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