The Smithsonian Institution, in collaboration with the University of Texas at El Paso and Second Life, have created a Smithsonian Latino Virtual Museum and accompanying multimedia e-book: DÃ­a de los Muertos: Day of the Dead.
statement of earnings noun [C]. âº ACCOUNTING, FINANCE an âofficial âdocument that is âpart of a company's âfinancial âresults and gives details of its âprofit or âloss for a particular âperiod: During the âboom âyears, âcompanies put out exaggerated âstatements of âearnings.
DEFINITION of 'Income Statement'. A financial statement that measures a company's financial performance over a specific accounting period.Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities.he portion of the income statement that deals with operating items is interesting to investors and analysts alike because this section discloses information about revenues and expenses that are a direct result of the regular business operations.