• Definition for "income statement"
    • A calculation which will show the loss or…
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  • Hypernym for "income statement"
  • Cross Reference for "income statement"

income statement definition

  • noun:
    • A calculation which will show the loss or profit of an accounting unit (business, municipality, foundation etc.) during a particular duration, supplying a directory of how the profit or loss is calculated from gross revenue and expenditures.
    • a financial statement that offers running outcomes for a certain duration
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