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 shows the revenue, expenses, and net income of a business for a certain period. The nature of retail and service businesses is different, and their revenue and expenses are likely to vary accordingly. For example, a retail business has cost of goods sold, whereas a service business does not. Thus, the income statement would change the most when comparing these two types of businesses.

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