Which financial report reflects the financial result?
Monday, April 24, 2023
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Question: Which financial report reflects the financial result?
The income statement, also known as the profit and loss statement, reflects the financial result of a company over a specific period of time, usually a month, quarter, or year. The income statement shows a company's revenues, expenses, and net income or loss during the period, providing a snapshot of the financial performance of the business.
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