income statement Antonyms
No Synonyms and anytonyms found
Meaning of income statement
Wordnet
income statement (n)
a financial statement that gives operating results for a specific period
income statement Sentence Examples
- The income statement, also known as the profit and loss statement, presents a summary of a company's revenues and expenses over a specific period.
- Investors and analysts use the income statement to evaluate a company's financial performance and profitability.
- The income statement typically includes revenue, cost of goods sold, operating expenses, and other income and expenses.
- Net income, or profit, is calculated by subtracting total expenses from total revenue.
- The income statement is a key financial document that provides insights into a company's operating results.
- Companies must adhere to specific accounting principles when preparing their income statements.
- By analyzing the income statement, stakeholders can understand how the company generates revenue and where its expenses are allocated.
- The income statement is often used for decision-making purposes, such as evaluating investment options or assessing a company's creditworthiness.
- The income statement format may differ across industries and jurisdictions due to varying accounting standards.
- Understanding the income statement is crucial for financial literacy and making informed financial decisions.
FAQs About the word income statement
a financial statement that gives operating results for a specific period
No synonyms found.
No antonyms found.
The income statement, also known as the profit and loss statement, presents a summary of a company's revenues and expenses over a specific period.
Investors and analysts use the income statement to evaluate a company's financial performance and profitability.
The income statement typically includes revenue, cost of goods sold, operating expenses, and other income and expenses.
Net income, or profit, is calculated by subtracting total expenses from total revenue.
