Which of these items would need the largest share of amount? Which one get least
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Which of these items would need the largest share of amount? Which one get least
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Answer:
Income statements come with various monikers. The most commonly used are "statement of income," "statement of earnings," "statement of operations" and "statement of operating results." Many professionals still use the term P&L, which stands for profit and loss statement, but this term is seldom found in print these days. In addition, the terms "profits," "earnings," and "income" all mean the same thing and are used interchangeably.