income statement
One of four reports that comprise a company's financial statement. The Income Statement is a declaration of revenue for the reporting period, expenses associated with earning it. The income statement is also where the company reports its earnings per share (EPS) and diluted earnings per share. Also known as a Profit and Loss Statement.

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Related Terms

consolidated income statement
cost of goods sold (COGS)
consolidated profit and loss account
financial statement
statement of retain earnings
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