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he income statement can also be called a profit-and-loss statement Explain why the income statement can also be called a profit-and-loss statement. What ex

he income statement can also be called a profit-and-loss statement Explain why the income statement can also be called a profit-and-loss statement. What exactly does the word balance mean in the title of the balance sheet? Why do we balance the two halves?Your post should be 250-500 words.

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he income statement can also be called a profit-and-loss statement Explain why the income statement can also be called a profit-and-loss statement. What ex
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