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The income statement (also called a profit and loss statement) summarizes a business’ revenues and operating expenses over a time period to calculate the net income for the period. Want to know more about generally accepted accounting practices? Web the income statement, also called the profit and loss statement, is a report that shows the income, expenses, and resulting profits.
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Web the income statement, also called the profit and loss statement, is a report that shows the income, expenses, and resulting profits or losses of a. The income statement (also called a profit and loss statement) summarizes a business’ revenues and operating expenses over a time period to calculate the net income for the period. Web download the free excel.
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