A company's profits during its most recent year are found in its

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Quizplus · Accepted Answer

A company's profits during its most recent year are typically reported on the income statement and statement of shareholders' equity. The income statement shows the company's revenues and expenses, and the resulting net income, for the period. The statement of shareholders' equity shows how the company's equity (the value of its assets minus its liabilities) changed during the period, including the effect of any profits or losses earned. Together, these two statements provide a complete picture of the company's financial performance and the profits earned during the year.

A Company's Profits During Its Most Recent Year Are Found