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.
Income Statement. An income statement, sometimes referred to as the statement of profits and losses, reports a business entityâs various revenues, costs and expenses, as well as net income -- the principle element of an income statement. Thus, an income statement is a summary of a business entityâs financial performance during a given accounting period. An income statement normally is organized to cover operating activities, nonoperating activities such as investments, any discontinued operations, and any unusual and infrequent extraordinary events.