Her expertise is in personal finance and investing ... It reflects income that cannot be accounted for by the income statement. Some examples of other comprehensive income are foreign currency ...

Examples of income recorded on this statement ... Once you have all your information recorded on a personal income statement, you can calculate what's called your net discretionary cash flow.

Examples of prepaid expenses include insurance, rent, leases, interest, and taxes. Prepaid expenses aren’t included in the income statement per generally accepted accounting principles (GAAP).