the Profit and Loss (P&L) Statement, the Balance Sheet (or Asset and Liability [A&L] Statement), and the Statement of Cash Flow. We discussed the P&L in Chapter 4. In this chapter we will discuss the ...
The P&L statement is separate from the balance sheet. The P&L statement (also known as an 'income statement' or 'statement of financial performance') summarises all the revenues, costs ...
A company lists its long-term debt on its ... financial statements are prepared in compliance with generally accepted ...
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