The income statement presents cash revenues, cash expenses, net income, and earnings per share for an accounting period.

Name: The income statement presents cash revenues, cash expenses, net income, and earnings per share for an accounting period.
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Question

Quizplus · Accepted Answer

The income statement presents revenues and expenses, which may or may not be cash transactions. Net income and earnings per share are also included, but the statement does not necessarily report on cash flow directly.

The Income Statement Presents Cash Revenues, Cash Expenses, Net Income