Assertion: expense | /r/HasProperty | reported on the income statement
Facets:
value: in the accounting period
type: TEMPORAL
Source sentences:
text: Expenses are reported on the Income Statement and assets are reported on the Balance Sheet.
text: Expenses are reported on the Income Statement - also called the Profit and Loss Report (P&L).
text: Since expenses are reported on the Income Statement, the debits to the Depreciation Expense account reduce taxable income!
text: If an expense is not directly tied to revenues, the expense should be reported on the income statement in the accounting period in which it expires or is used up.