What is a condensed income statement?
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A condensed income statement is typically issued to external parties, who are less interested in the precise sources of a company's revenues or what expenses it incurs, and more concerned with its overall perfomance.Thus bankers and investors may be interested in receiving a condensed income statement.
A condensed income statement is typically issued to external parties, who are less interested in the precise sources of a company's revenues or what expenses it incurs, and more concerned with its overall perfomance.Thus bankers and investors may be interested in receiving a condensed income statement.
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