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What Is The Purpose Of The Income Statement? |
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Answer» The purpose of the income statement is to show managers and investors whether the company made or LOST MONEY during the period being reported. One important THING to remember about an income statement is that it represents a period of TIME like the cash flow statement. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported. One important thing to remember about an income statement is that it represents a period of time like the cash flow statement. |
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