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Related Definitions
Budgeted income statement Budgeted income statement refers to an estimate of the expected profitability of operations for the budget period.
CVP income statement CVP income statement is a statement for internal use that classifies costs as fixed or variable and reports contribution margin in the body of the statement.
Single-step income statement Single-step income statement is an income statement that shows only one step in determining net income.
The statement is so named because...
Multiple-step income statement The multiple-step income statement is an income statement that shows several steps in determining net income.
Pro forma income statement Pro forma income statement is a financial statement that shows the projected results of the operations of a firm over a specific period.
Income Statement Income statement is a financial statement that reflects the results of the operations of a firm over a specified period of time; prepared on a monthly, quarterly, or annual basis.
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