Other Definitions
income statement (dict)

Income Statement

Elements of the income statement used in accounting are net income results from revenue, expense, gain, and loss transactions.

Revenues

Revenues - Inflows or other enhancements of assets of an entity or settlements of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.

Expenses

Expenses - Outflows or other using-up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitue the entity's ongoing major or central operations.

Line items

Income

Gains - Increases in equity (net assets) from peripheral or incidental transactions of an entity except those that result from revenues or investments by owners. Losses - Decreases in equity (net assets) from peripheral or incedental transactions of an entity except those that result from expenses or distributions to owners.

 

<< PreviousWord BrowserNext >>
cups and balls
lynnwood, fayette county, pennsylvania
sporting life
lynnwood, luzerne county, pennsylvania
lynnwood, rockingham county, virginia
lynnwood, virginia beach, virginia
dien bien phu
totally real number field
cut and restore rope trick
anton pannekoek
basse terre
gravesend, kent
geneva conference
sacred cow
frederick hodges
local analysis
battle of san juan hill
communes of the guadeloupe dpartement
jordan normal form
sainte anne, guadeloupe
perilla
action (physics)
ernst hanfstngl
subprefectures in hokkaido
galunggung
benjamin bratt
prototheria
american exceptionalism
excavator
lebanese civil war
h. l. a. hart
mihai viteazul
chaff
canadian imperial bank of commerce
adolph dubs
blue jay (disambiguation)
dole
lisbon (disambiguation)
lee ann womack
carolyn howard johnson
fairlawn
fair lawn
santa maria
albert f. sabo