Which of the following financial statements reports the excess of a company's revenues over its expenses?

Name: Which of the following financial statements reports the excess of a company's revenues over its expenses?
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Question

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The income statement reports a company's revenues and expenses over a specific period of time and calculates the net income or loss. If a company's revenues exceed its expenses, it will report a positive net income, which represents the excess of revenues over expenses.

Which of the Following Financial Statements Reports the Excess of a Company's