The further down the profit and loss statement you travel, the more room for chicanery.

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Unbundled into five separate accountable units, each will have its own profit and loss statement.

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Now 37 or so I was raised to believe that there were no barriers and that we could achieve whatever we chose, even if that was in business where a profit and loss statement drives your performance and required commitment to the company that you work for.

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In some ways, that effect is more pronounced than it used to be, with more and more of the elites drawn from a narrow class of extremely well-educated people from a handful of metropolitan areas, few of whom have ever, say, been responsible for a profit and loss statement, or tried to bring a gas station into compliance with local and federal EPA regulations.

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Each serves a single client and has its own profit-and-loss statement.

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It took a few hours, but investors finally did take a gander at the profit-and-loss statement.

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Center-Tainment on the other hand, has a market value of 130 million euros, and no known cash flow statement or profit and loss accounts to speak of.

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