The income statement provides investors and creditors information that helps them predict

Name: The income statement provides investors and creditors information that helps them predict
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The income statement provides information on past revenues and expenses which can be used to predict future cash flows (amounts), as well as the timing of those cash flows (when they will occur) and the uncertainty of those cash flows (risks associated with them). Therefore, all of the choices are correct.

The Income Statement Provides Investors and Creditors Information That Helps