INCOME STATEMENT - The financial statement of a firm that summarizes revenues and expenses over a specified time period; a statement of profit and loss.
income statement A presentation of the sales, expenses, and profit or loss of a business on a periodic basis ...
Income Statement
A financial document stating the sales, expenses, and net profit for a company or business in a given time period.
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Learn how the CFS relates to the balance sheet and income statement as a part of a company's financial reports. What Is A Cash Flow Statement?
Learn about the components of the statement of financial position and how they relate to each other.
"Income and expenses for a particular accounting period. The report usually consists of a balance sheet, income statement and statement of cash flows.
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 See also: State, Statement, Law, Reference, Check
  
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