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Form .1 Department ct the Treasury Internal Revenue Service II Short Form Olivia No. 1545-1150 Return of Organization Exempt From Income Tax Under Section 50110). 527. or 4947lall1l OT me iceman Revenue
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describe p l stands for profit and loss statement. It is a financial document that summarizes the revenues, costs, and expenses incurred during a specific period of time.
Businesses, corporations, and self-employed individuals are required to file a profit and loss statement.
To fill out a profit and loss statement, you need to list all of your revenues, subtract your expenses, and calculate your net income.
The purpose of a profit and loss statement is to show the financial performance of a business or individual over a specific period of time.
A profit and loss statement must include revenues, costs of goods sold, operating expenses, and net income.
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