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.
Along with the balance sheet, the statement of cash flows, and the statement of changes in owners' equity, the income statement is one of the primary means of financial reporting. The key item listed on the income statement is the net income or loss. A company's net income for an accounting period is measured as follows: Net income = Revenues-Expenses + Gains-Losses. Within the income statement there is a wealth of information. A person knowledgeable about reading financial statements can find, in a company's income statement, information about its return on investment, risk, financial flexibility, and operating capabilities. Return on investment is a measure of a firm's overall performance.