The income statement is a report that measures the financial performance of your business on an annual or monthly basis.

Name: The income statement is a report that measures the financial performance of your business on an annual or monthly basis.
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The income statement, also known as the profit and loss statement, is a report that shows the revenue, expenses, and net income or loss of a business over a specific period of time, typically on an annual or monthly basis.

The Income Statement Is a Report That Measures the Financial