Income Statement

Income Statement

Income Statement means:
a financial statement that gives operating results, such as net income and loss and depreciation, for a specific period; also referred to as earnings report, operating statement, and profit-and-loss statement.

U.S. and other Developed Countries International Tax Meaning

Statement showing the results of a business operation for a particular period of time. The statement will show the business's revenues and expenses.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.


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