Income Statement #define #the #term #insurance income.nef2.com/… #example of an income statement # Income Statement Income statement (also referred to as (a) statement of income and expense or (b) statement of profit or loss or (c) profit and loss account) is a financial statement that summaries the results of a company’s operations for a period. It presents a picture of a company’s revenues, expenses, gains, losses, net income and..