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    Question

    P&L statement is also known

    as?┬а
    A Statement of earnings Correct Answer Incorrect Answer
    B Statement of balance sheet Correct Answer Incorrect Answer
    C Statement of operations Correct Answer Incorrect Answer
    D Statement of income Correct Answer Incorrect Answer

    Solution

    A profit and loss statement (P&L), also known as an┬а income statement , is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.

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