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Maroc Maroc - ACEDESSAYS.COM - A La Une - 08/Sep 23:51

Purpose of the Income Statement

Managers within the firm, as well as the firm’s owners and lenders, keep track of the firm’s performance by reviewing its financial statements – income statement, balance sheet, and statement of cash flows. What is the purpose of the income statement? Identify the major types of expenses that are shown on the typical income statement. […]

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