income statement

noun
an accounting of income and expenses that indicates a firm's net profit or loss over a certain period of time, usually one year.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
The accounting statements that illustrate and measure the six financial elements are the balance sheet and income statement.
The user inputs historical income statement and balance sheet information.
The effect upon the income statement for a change in estimate that affects several future periods should be disclosed.
The impact to our income statement will result in our reducing our headcount.
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