income statement for the year ended (date)
Explanation: Reference:
Accounting Trends & Techniques - 2009 Edition
Published by the American Institute of Certified Public Accountants
Page 321
Section 3: Income Statement
Comment: Income Statement and Statement of Income are synonyms, although Income Statement tends to be used more often. In both cases, Income is reported for the year at issue.
However, if a company reports a loss in one or all of the years reported, then the term commonly used is "Statement of Operations".
Hope this helps.
23 years of translating from Spanish to English almost exclusively for Mexico member firms of international public accounting firms, and other financial entities.
Reference: http://aicpa.org Reference: http://imcp.org.mx
| Richard Cadena Mexico Local time: 21:16 Specializes in field Native speaker of: English PRO pts in category: 331
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