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Business, 11.03.2020 21:57 raymondmancilla123

The income statement, also known as the profit and loss (P&L) statement, provides a snapshot of the financial performance of a company during a specified period of time. It reports a firm’s gross income, expenses, net income, and the income that is available for distribution to its preferred and common shareholders.

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The income statement, also known as the profit and loss (P&L) statement, provides a snapshot of...
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