For example , if a company lists a loss on a fixed asset impairment line in their income statement , notes could state the reason for the impairment by describing how the asset became impaired .
The notes clarify individual statement line - items .
If a company lists a loss on a fixed asset impairment line in notes ' income statement , notes could state the reason for the impairment by describing how the asset became impaired .
The notes clarify individual statement line - items .