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91income statement — a financial document that shows how much money ( sales) came in and how much money (costs) was paid out. Subtracting the costs from the sales gives you your profit and all three are shown on the income statement. Glossary of Business Terms * * *… …
92portfolio income — Income from interest, dividends, rentals, royalties, capital gains, or other investment sources. Portfolio income is not considered passive income, therefore net passive losses cannot be used to offset net portfolio income. See also passive… …
93Income Smoothing — The use of accounting techniques to level out net income fluctuations from one period to the next. Companies indulge in this practice because investors are generally willing to pay a premium for stocks with steady and predictable earnings streams …
94income — n. the money or other assets received, esp. periodically or in a year, from one s business, lands, work, investments, etc. Phrases and idioms: income group a section of the population determined by income. income tax a tax levied on income.… …
95earned income — income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. Cf. unearned income. [1880 85] * * * …
96income*/*/*/ — [ˈɪnkʌm] noun [C/U] money that someone gets from working or from investing money What is your approximate annual income?[/ex] an average household income of £27, 000[/ex] …
97Income Tax Payable — A type of account in the current liabilities section of a company s balance sheet. This account is comprised of taxes that must be paid to the government within one year. Income tax payable is calculated according to the prevailing tax law in the …
98income — [[t]ɪ̱nkʌm[/t]] ♦♦ incomes N VAR A person s or organization s income is the money that they earn or receive, as opposed to the money that they have to spend or pay out. Many families on low incomes will be unable to afford to buy their own home …
99income — 1. An alternative term for *sale. 2. The excess of *sales revenues over related costs in a specified time period. Also known as profit. See also *gross income, *net income, and *loss. 3. An increase in the *net assets of an individual or… …
100ordinary income — Income from regularly recurring sources, such as earnings from work, interest, and dividends, as distinguished from a bonanza, winnings tin a horse race, the prize won in a contest, or a capital gain realized on a sale of property. Sloane v… …