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Why Is The Income Statement So Important? |
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Answer» We will USE INCOME statement and profit and LOSS statement throughout this explanation. The income statement is important because it shows the PROFITABILITY of a company during the time interval SPECIFIED in its heading. The period of time that the statement covers is chosen by the business and will vary. We will use income statement and profit and loss statement throughout this explanation. The income statement is important because it shows the profitability of a company during the time interval specified in its heading. The period of time that the statement covers is chosen by the business and will vary. |
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