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Home > Accounting > Create a profit and loss statement.

Create a profit and loss statement.

A: Gathering Financial Information

B: Calculate Revenue

C: Calculate Cost of Goods Sold (COGS)

D: Calculate Gross Profit

E: Calculate Operating Expenses

F: Calculate Operating Income

G: Consider Other Income and Expenses

H: Calculate Net Income Before Taxes

I: Account for Income Taxes

J: Calculate Net Income

K: Review and Finalize

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