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).

Example of an Income Statement Below is a portion of ExxonMobil ... Generally Accepted Accounting Principles (GAAP) are the rules by which publicly-owned United States companies must prepare ...

EBIDTA is reported by most companies in press releases and financial statements. This isn't a true GAAP number for income ... with non-GAAP numbers. For example, one-time costs suddenly become ...

Some items on income statements are reported separately ... firm's current or future financial performance. Examples of ...

It helps companies show a more accurate financial state under GAAP rules. Growing deferred ... the unearned revenue as revenue on its income statement. Source: Getty Images. If a company sells ...