It's one of three primary financial statements. Focuses on income and expenses over a specific period. Aims to report a company's net income or earnings. Essential for assessing financial performance.

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An income statement, also called an earnings report or a profit-and-loss statement, shows a company's fiscal operations during a specified time period. These income statements, typically produced ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...