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Profit and Loss Statement

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Profit and Loss Statement

Fill in the Blanks game about the Profit and Loss Statement topic

Aplus Language Academy
1

reducing costs income statement financial performance cost of goods sold profit and loss statement fiscal quarter revenues important tool financial statement operating expenses taxes year costs creditors revenue growth revenue from sales generate profit gross profit net income expenses financial health profitability operating income analysts interest expense investors profit margins

A ( P&L ) , also known as an , is a that summarizes the , , and incurred during a specific period of time , usually a or . The P&L statement provides information about a company's ability to by increasing revenue , , or both . It is an for , , and to assess the and of a company . The statement typically includes , , , , , , , and . By analyzing the P&L statement , stakeholders can evaluate a company's , , and overall .