The term that companies use on their income statement for reporting the interest earned on cash temporarily held in savings accounts, certificates of deposits, or other investments. Because the interest wasn't part of the original investment, they record it separately, as interest income.
Related information about interest income:
- Interest Income: How Interest Income is Taxed and Reporting ...
bank interest, money market funds, and tax-exempt bonds are reported on your tax return. Find out how to report your interest income on Form 1040.
- What is interest income? definition and meaning
Definition of interest income: The term that companies use on their income statement for reporting the interest earned on cash temporarily held in savings ...
- Net interest income - Wikipedia, the free encyclopedia
Net interest income (NII) is the difference between revenues generated by interest-bearing assets and the cost of servicing (interest-burdened) liabilities.
- Understanding Taxes - Module 3: Interest Income
To help students understand that most interest income is taxable ... A common way to earn interest income is to deposit funds in a financial institution, such as a ...
- Net Interest Income Definition | Investopedia
The difference between the revenue that is generated from a bank's assets and the expenses associated with paying out its liabilities. A typical bank's assets ...
- Reporting Your Interest Income
Apr 25, 2012 ... Find out how your accounts are taxed and which forms you need.
- What Is Interest Income?
Interest income is income earned as interest that accumulates on investments. Most of the time, interest income is treated as...
- Online Interest Income Calculator & Calculation
Interest Income Calculator is an online personal finance assessment tool to determine the loan maturity amount and how much extra money you can earn on ...