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comparative income statement

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

An income statement with at least two columns of amounts. The column of amounts that is
closest to the words will contain the amounts for the most recent period of time. The columns
furthest from the words will be the amounts from older periods of time. The older amounts
provide a frame of reference for understanding the recent amounts.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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