ayabongwelondon ayabongwelondon
  • 10-03-2021
  • Mathematics
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explain what an income statement is?​

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craigmstein
craigmstein craigmstein
  • 10-03-2021

Answer:

An income statement reports a business's revenues, expenses and overall profit or loss for a specific period of time. It's one of the three major financial statements that small businesses prepare to report on their financial performance, along with the balance sheet and the cash flow statement.

Step-by-step explanation:

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