Income Statement (Noun)
Meaning
A financial statement that gives operating results for a specific period.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's income statement showed a significant increase in revenues from last year's results.
- Investors analyze the income statement to gauge the financial health of a company.
- The accountant spent hours preparing the income statement to ensure it was accurate and complete.
- By examining the income statement, the management team identified areas of cost that could be reduced.
- The analyst compared the company's income statement with that of its competitors to identify trends and opportunities.