The income statement is also referred to as the balance sheet..

Name: The income statement is also referred to as the balance sheet..
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The income statement and the balance sheet are two separate financial statements used to report different aspects of a company's financial performance. The income statement reports a company's revenue, expenses, and net income over a specific period of time, while the balance sheet reports a company's assets, liabilities, and equity at a specific point in time.

The Income Statement Is Also Referred to as the Balance