Check out our NEW line of Home Care products from Bayes & Odor Assassin in our Cleaning Supplies Sections. We are an authorized independent dealer of Kirby vacuum bags and parts. All of our Kirby supplies are purchased from an authorized Kirby vacuum parts distributor. The Kirby company website address is www.kirby.com.
Accumulated other comprehensive income is a general ledger account that is classified within the equity section of the balance sheet. It is used to accumulate unrealized gains and unrealized losses on those line items in the income statement that are classified within the other comprehensive income category.
DEFINITION of 'Annualized Income'. An estimate of the amount of money that an individual, business or asset will earn over the course of a year.Annualized income is usually calculated with less than one year's worth of data, so it is only an estimate of how much income will actually be earned for the year.Nonetheless, annualized income figures can be helpful for creating budgets and making estimated income tax payments. Next Up.nnualized income is usually calculated with less than one year's worth of data, so it is only an estimate of how much income will actually be earned for the year. Nonetheless, annualized income figures can be helpful for creating budgets and making estimated income tax payments. Next Up.