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Income Statement costs: What are the costs reported as line items on the income statement? Consider how these relate to the operations of the company.

Income Statement costs:

What are the costs reported as line items on the income statement? Consider how these relate to the operations of the company.

Are they increasing with sales or other changes?

You might also consider the concept of competitive advantage.Companies are required to disclose certain financial information to comply with good business practices.

How could this impact their competitive advantage with respect to competitors?

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