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income statement

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun accounting A calculation which shows the profit or loss of an accounting unit (company, municipality, foundation etc.) during a specific period of time, providing a summary of how the profit or loss is calculated from gross revenue and expenses.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a financial statement that gives operating results for a specific period

Etymologies

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