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Posted in Income Statement
A measure of company’s performance over a specific period. This report shows the revenues, and expenses from operating and non-operating activities. An income statement should also show the net profit or loss incurred by a company over an accounting period. This term is also known as as the “profit and loss statement” or “statement of revenue and expense”. The income statement is included with the balance sheet and statement of cash flows as the three major financial indicators of a company’s performance.
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