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March 18, 2026The Accounting Review

An Exit-Price Income Statement.

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Authors

LFLaurence A. FriedmanUniversity of Kansas

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Implication

This article proposes a new income statement design, enhancing resource flow information for financial statements, suggesting greater clarity in understanding income generation.

Key Points

  • The aim is to create an income statement that accurately reflects resource flows leading to income generation using an exit-price approach.
  • Designed a dual-section income statement comprising operating and holding sections.
  • Maintained traditional revenue recognition principles in the operating section.
  • Utilized instantaneous matching for aligning expenses with revenues.
  • Incorporated market price changes in the holding section to reflect gains and losses.
  • The new income statement reconciles with exit-price balance sheets effectively.
  • Combines the benefits of replacement cost perspectives with exit-price frameworks.
  • Enhances transparency and meaningfulness of income generation insights in financial statements.

Cite This Study

Laurence A. Friedman (1978) studied this question.

synapsesocial.com/papers/69ba43d84e9516ffd37a570chttps://doi.org/10.2308/tar-4500369
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Exit-Price Liabilities: An Analysis of the Alternatives.1978
  2. 2AUDITING WITH ACCENT ON THE INCOME STATEMENT.1954
  3. 3INCOME STATEMENT FORM AND CLASSIFICATION.1962
  4. 4TERMINOLOGY AND FORM OF THE INCOME SHEET.1944
  5. 5THE VALUATION OF ACCOUNTS AT CURRENT COST.1953