Income statement
Term · Law · MLC-T-LAW-002568
A financial document that reports a company's financial performance over a specific accounting period, typically a quarter or a year. It summarizes revenues, expenses, gains, and losses to arrive at net income or loss. This statement is also known as a profit and loss (P&L) statement and is a key component of a company's financial filings with regulatory bodies.
| Identifier | MLC-T-LAW-002568 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002568",
"term": "Income statement",
"field": "Law",
"definition": "A financial document that reports a company's financial performance over a specific accounting period, typically a quarter or a year. It summarizes revenues, expenses, gains, and losses to arrive at net income or loss. This statement is also known as a profit and loss (P&L) statement and is a key component of a company's financial filings with regulatory bodies.",
"url": "https://mlchart.com/terminology/law/income-statement/"
}
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