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What Are The Three Main Financial Statements? |
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Answer» “The THREE financial statements are the income statement, balance SHEET, and statement of CASH FLOWS. The income statement is a statement that illustrates the profitability of the company. It begins with the revenue line and after subtracting various expenses arrives at NET income. “The three financial statements are the income statement, balance sheet, and statement of cash flows. The income statement is a statement that illustrates the profitability of the company. It begins with the revenue line and after subtracting various expenses arrives at net income. |
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