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Income statementIncome statements for companies indicate how Net Revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into Net Income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). Also called Profit and Loss Account (P&L) or in reference to charitable organizations Income and Expenditure Account. SourceSee Wikipedia See AlsoCreator
This page was created on Feb 15, 2006 |
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