An income statement is a financial report that would primarily be used for internal control of cash.

Name: An income statement is a financial report that would primarily be used for internal control of cash.
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Quizplus · Accepted Answer

An income statement primarily shows a company's revenues and expenses over a specific period of time, used to assess financial performance rather than for internal control of cash, which is more directly related to cash flow statements and internal audits.

An Income Statement Is a Financial Report That Would Primarily