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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?
Net Present Value Statement and Revenue Statement.
Revenue Statement and Cost Variance Report.
Net Income Statement and P&L Statement.
3. What time period is normally used when creating an Earnings Statement?
Earnings Statement is for a point in time, not a time period.
Earnings Statements are normally created daily.
Earnings Statements are normally created for a fiscal year, quarter or month.
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