When comparing a retail business to a service business, the financial statement that changes the most is the

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The income statement is likely to change the most when comparing a retail business (which generates revenue through the sale of products) to a service business (which generates revenue through the provision of services). The expenses and revenue categories on the income statement will be different between the two types of businesses, leading to significant differences in the overall financial performance.

When Comparing a Retail Business to a Service Business, the Financial