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Income statement in a sentence

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Sentence count:62Posted:2017-03-18Updated:2020-07-24
Similar words: statementoverstatementunderstatementstatement of accountabatementdomestic systemhaematemesisdomesticateMeaning: n. a financial statement that gives operating results for a specific period. 
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1. When prices do change, however, the income statement becomes less acceptable as a measure of performance.
2. The resulting income statement, Exhibit 4. 7, is essentially a written statement of the closing process.
3. Do you have parent income statement?
4. Your income statement and cash flow statement.
5. An alternative method, called the income statement approach, focuses upon estimating the uncollectible accounts expense for the period.
6. The preparation of a multi-step income statement involves a series of steps.
7. It consists a balance sheet an income statement ( also a profit loss statement P & L ).
8. Alternative titles for the Income Statement include Earnings Statement, Statement of Operations, and Profit and Loss Statement.
9. Sixth, prepare income statement and balance sheet in terms of the balance of accounts.
10. Explain how the income statement and the statement of retained earnings relate to the balance sheet.
11. The income statement, the capital expenditures budget, and plans for raising cash and paying debts provide information for the cash budget, which feeds into the budgeted balance sheet.
12. It consists of a balance sheet and an income statement.
13. Through journalizing and posting adjusting entries(, the income statement and the balance sheet will reflect the proper operating results and financial position at the end of the accounting period .
14. Preparing income statement and balance sheet based on the balance in the ledger account.
15. Prepare an income statement, a statement of retained earnings, and a balance sheet.
16. Traditional income statement is only the financial result. Our strategic income statement involves customers and employees.
17. Operating budgets are the individual budgets that result in the preparation of the budgeted income statement.
18. Non-operating income and non-operating expenses shall be accounted for separately and separately disclosed in the income statement.
19. A debit balance account which is offset against revenue in the revenue section of the income Statement. Examples include sales Discounts and Sales returns and Allowances.
20. Has been recognized as most responsible for FASB 123, or Stock Option Expensing on the GAAP Income Statement .
21. In order to improve accounting treatment of capital reserve and related information disclosure, we should introduce the concept of compensable income and offer compensable income statement.
22. Understand how to derive the indirect SCF from the Income Statement and the Balance Sheet.
23. If there is a debit balance in the Cash over and short account at the end of the fiscal period , it is an expense and may be included in" Miscellaneous expense" on the income statement.
24. Companies present their annual accounts in two main parts: the balance sheet and the income statement (profit and loss account).
24. try its best to collect and build good sentences.
25. Therefore, the revenue and expense accounts are called the temporary accounts or the nominal accounts, which are also called the income statement accounts.
26. Its basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis.
27. Any write-offs or amortization of noncurrent items deducted on the income statement must be added back to net income.
28. You will also see why two basic accounting principles, the revenue recognition principle and the matching principle, assure that a company's income statement reports a company's profitability.
29. The difference between the inventories valued at the old and the revised standard should be recognized in the standards revision reserve and charged to the income statement as change in inventory.
30. These statements are generated from the company's balance sheet and income statement.
More similar words: statementoverstatementunderstatementstatement of accountabatementdomestic systemhaematemesisdomesticatedomesticatedestateexcitementencouragementintestatewelfare statemanagement systemestrangementimplementationestates generalestablishmentestablishment ofinstallment paymentsemesterdomestichomesteadcommencemententitlemententicementfirst amendmentgestationstate
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