income statement

noun

1. an accounting of income and expenses that indicates a firm's net profit or loss over a certain period of time, usually one year.

Example Sentences

Your W-2 form is the official income statement your employer sends the IRS.

From Encyclopedia.com

The investing company will have to put its losses or gains in its income statement in the quarter and year when the losses or gains took place.

From Encyclopedia.com

By utilizing cash to pay for these items, you may be able to claim a lesser amount of the refund that you receive when you complete an annual income statement for eligibility.

From Encyclopedia.com

“Unlike business accounting, there is no income statement or balance sheet that can be produced for personal taxes to fill in the gap for underwriting purposes,” Fuentes said.

From Seattle Times

After a vetting process that requires volunteer sponsors to sign a financial declaration and provide an income statement, Uniting for Ukraine hands the care of the refugees over to private individuals with no additional oversight.

From Seattle Times