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What is an income statement?
An income statement, otherwise known as a profit and loss statement, is a summary of a company’s profit or loss during any one given period of time, such as a month, three months, or one year.
Expert answered|Fanboy|Points 1220|
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Asked 4/28/2012 5:51:13 PM
Updated 7/23/2014 1:35:21 PM
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Edited by yumdrea [7/23/2014 1:35:19 PM]
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