A ________ Income Statement Format Shows Detailed Computations of Net

question 251

Short Answer

A ________ income statement format shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items.

---

Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed funds and exchange traded funds.

Securities

Financial instruments that represent an ownership position, a creditor relationship, or rights to ownership, expressed in the form of stocks, bonds, or options.

Rate of Return

The percentage gain or loss on an investment over a specified period, reflecting the income and appreciation of an investment.

Average Cumulative Investment

The total sum of all investments made over a period of time, divided by the number of investments.