A partnership income statement includes:

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A partnership income statement includes a section showing the division of net income to the partners. This is because in a partnership, net income is divided among the partners based on their ownership percentage or as per the partnership agreement. The income statement usually does not include information about capital or drawing accounts, as those are shown separately on the balance sheet. The statement does list all revenues and expenses to determine the net income to be divided among the partners.

A Partnership Income Statement Includes