The income statement is the same thing as the balance sheet.

Name: The income statement is the same thing as the balance sheet.
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The income statement and the balance sheet are two separate financial statements that provide different information about a company's financial performance. The income statement shows a company's revenues, expenses, and net income over a specific period of time, while the balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

The Income Statement Is the Same Thing as the Balance