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 ...

For example, if you're using a quarterly income statement, multiply the periodic interest rate by four. Your unrealized, or "paper" gains can be useful to know for tax purposes, as well as ...

Calculating the proper expense amount for amortization and depreciation on an income statement varies from one specific situation to another. However, we can use a simple example to understand the ...