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1. Which financial statement calculates the profit or net income that a company earns during a year?
The Earnings Statement.
The Cash Flow Statement.
The Project Charter.
2. What are other names for the Earnings Statement?
Revenue Statement and Cost Variance Report.
Net Income Statement and P&L Statement.
Net Present Value Statement and Revenue Statement.
3. What time period is normally used when creating an Earnings Statement?
Earnings Statements are normally created for a fiscal year, quarter or month.
Earnings Statements are normally created daily.
Earnings Statement is for a point in time, not a time period.
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