Income statement consolidated

Balance Sheet The balance sheet represents an accounting view of the financial status of a company on a particular date. Table 9-3 is an example of a balance sheet for a company. The date frequently used by corporations is December 31 of any given year, although some companies are now using June 30 or September 30 as the closing date. It is as if the company s operation were frozen in time on that date. The term consolidated means that all the balance sheet and income statement data include information from the parent as well as subsidiary operations. The balance sheet consists of two parts assets are the items that the company owns, and liabilities and stockholders equity are what the... 

Income Statement An income statement shows the revenue and the corresponding expenses for the year and serves as a guide for how the company may do in the future. Often income statements may show how the company performed for the last two or three years. Table 9-4 is an example of a consolidated income statement. 

A consolidated income statement is based on a given time period. It indicates surplus capital and shows the relationship among total income, costs, and profits over the time interval. The transactions presented in income-sheet accounts and income statements, therefore, are of particular interest to the engineer, since they represent the facts which were originally predicted through cost and profit analyses. 

XYZ CHEMICAL COMPANY AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1989 ... 

The income statement or consolidated statement of operations is a summary of the incomes, expenditures, and taxes paid by the company over a fixed period of time. Results are usually presented for the past three calendar years. 

Periodically, perhaps on a monthly basis but certainly yearly, the ledger sheets are closed and balanced. The ledger sheets are used as intermediate documents between journal records and balance sheets, income statements, and retained earnings statements, as well as information for various government reports. For example, a consolidated income statement can be prepared from the ledger revenue and expense accounts. From the asset and liability accounts, a company s balance sheet is prepared. Table 3.2 is the ledger obtained from the general journal. Table 3.1. 

Table 3.6 Delchem Corporation Consolidated Income Statement, January...

The income statement may also be known as the statement of profit and loss, the earnings statement, or the statement of operations. It displays the operating activities of a company for the year and may be an indication of company s future performance. A typical statement will show the figures for the current year as well as one or two previous year s activities. Frequently, an annual report will include a 5- or 10-year summary near the end of the report. The term consolidated will appear, indicating that all the financial activities of the company and its subsidiary operations are reported in a single statement (Table 3.9) (5). 

Table 3.9 Archem, Inc. Consolidated Income Statement as of December 31 ...

Part 2 consists of the financial position, capital expenditures, funds availability, and results of operations. Consolidated balance sheets, income statements, and selected quarterly data, as well as stock prices and dividends per share, may be found in Part 2. Any disagreements on accounting and financial disclosure are explained in narrative format. 

Table 16.4 Consolidated Income Statement for U.S. Chemicals in Millions of Dollars for the Calendar Year 2002...

We have audited the accompanying statement of consolidated financial position of Monsanto Company and subsidiaries as of Dec. 31,1994 and 1993, and the related statements of consolidated income, shareowners equity and cash flow for each of the three years in the period ended Dec. 31,1994. These financial statements are the responsibility of the company s management. Our responsibility is to express an opinion on these financial statements based on our audits. 

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