Examlex
Thornthwaite's classification system
Condensed Income Statement
A simplified financial statement that shows a company's revenues, expenses, and net income over a specific period, omitting detailed line items.
Operating Expenses
Costs associated with the day-to-day functions of a business outside of direct production costs, including items like rent, utilities, and payroll expenses.
Sales
Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.
Income Statement Data
Financial information that summarizes a company's revenues, expenses, and profits over a specific period.
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