Glossary: Income Statement
[A - C] | [D - F] | [G - I] | [J - O] | [P - R] | [S - Z]
A
Amortization of Intangible Assets: Balance Sheet-related account. Periodic (e.g., annual, monthly, etc.) reduction in Balance Sheet value of Intangible Assets (patents, purchased goodwill, etc.) owned by a business.
C
Cost of Goods Sold: Statement of Net Earnings account. The direct and indirect product costs associated with the Net Sales recognized in an accounting period.