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Daniel's mother just bought him new shoes for his 13th birthday. Three weeks later they are too small. She bought him another pair and two months later those shoes were too small. What is happening?
Income Statement
A report that outlines a firm's financial results, including income, expenditures, and net profit or loss, for a given fiscal period.
Material Event
Any event that could have a substantial effect on the financial position or operating performance of a company and is of interest to investors or stakeholders.
Income Statement
A financial document that summarizes a company's revenue, expenses, and profits over a specific period, usually a fiscal quarter or year.
Special Item
Unusual or infrequent gains or losses in a company’s financial statements, which are not expected to recur in the foreseeable future.
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