and that the profit-&-loss statement in question uses consistent accounting practices when compared with those of prior years. If an auditor's comparison shows that inconsistent methods were used ...

Also called a Profit and Loss (P&L) Statement or a statement of ... of just how profitable a company really is. Is the company in question making money? Income statements can help answer this ...

On a company’s income statement, also called its profit and loss statement, you’ll find net income near the bottom. Net income is a critically important metric that investors must understand ...