用the income statement造句子，“the income statement”造句

This ratio is an indicator evaluating the long-term solvency with the income statement.

The account debited in the entry, Income Taxes Expense, is an expense account that usually appears as the very last deduction in the income statement.

An alternative method, called the income statement approach, focuses upon estimating the uncollectible accounts expense for the period.

We can determine directly the amounts of cash flows from accounts concerned, and calculate the amounts using the data from the balance sheet and the income statement.

The revenue should be recognized and reported in the income statement when the timing of revenue is reasonably determinable and the earnings process is completed.

In past years, many small companies used the income statement approach in preparing monthly financial statements, but used the balance sheet method in annual financial statements.

Gains and losses on disposal of properties, machinery and equipment are recognized in the income statement Based on the net disposal proceeds less the carrying amount of the assets.

Reversal of an impairment loss of an asset recognised in prior years is recorded when there is an indication that the impairment loss recognised for the asset no longer exists or has decreased. The reversal is recorded in the income statement.

The principal financial statements of a corporation are the balance sheet, the income statement, and the statement of cash flows.

Analysis on the Balance Sheet Liability Method--in comparison with the income statement liability method;

These gains or losses, if material in amount, should be shown separately in the income statement in computing the income from operations.

Therefore, the revenue and expense accounts are called the temporary accounts or the nominal accounts, which are also called the income statement accounts.

"The rest of her table waited while her friend continued explaining the relationship between the income statement, balance sheet and monthly cash flow. "

The increase in interests payable should be subtracted from the interest expenses that appear on the income statement, and the decrease in interests payable should be added to interest expense.

The income tax expense in the income statement should be adjusted by the increase or decrease in income taxes payable.

The information from the comparative balance sheets, the income statement and some related accounts is the basis of the preparation of the statement of cash flows.

Apart from the balance sheet and the income statement, there are other transactions recorded in relating accounts as follow...

Because of the existence of prepaid expenses such as prepaid rents, the operating expenses in the income statement does not match the amount of cash payments for operating expenses, the increase or decrease in prepaid expenses should be adjusted.

recognition of exchange gains and losses in the income statement

It must be pointed out that the net income shown in the income statement is an accounting profit, not cash flow.

Rental payments under operating leases are charged to the income statement on a straight-line Basis over the period of the relevant leases.

Any write-offs or amortization of noncurrent items deducted on the income statement must be added back to net income.

The basic data used to determine cash flows can be obtained from the balance sheet, the income statement and some accounts in the ledger.

The basic financial statements include the balance sheet, the income statement, the statement of owner's equity, and the statement of cash flows.

Similarly, insurance premium paid for any part of the next financial year will not go to the expense in the income statement. Rather, it will appear as Prepaid Expense, an item under Current Assets.

In accounting terminology, the income statement is prepared using the "accrual basis", not the outdated "cash basis".

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.