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