The Income Statement shows

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The Income Statement is a financial statement that provides a summary of a company's revenues, expenses, gains, and losses for a specific period of time, typically a month, quarter, or year. It shows the company's profitability or net income for the period, but it does not reflect the company's cash position like the Balance Sheet does. The Income Statement helps investors and analysts evaluate a company's performance, profitability, and efficiency over time.

The Income Statement Shows