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What Is In The Income Statement? |
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Answer» An income statement is a financial statement that REPORTS a company's financial performance over a SPECIFIC accounting period. Financial performance is assessed by GIVING a summary of how the business incurs its REVENUES and expenses through both operating and non-operating activities. An income statement is a financial statement that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. |
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