In general,the income statement measures the profitability of the products and/or service provided by a company.

Name: In general,the income statement measures the profitability of the products and/or service provided by a company.
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Question

Quizplus · Accepted Answer

The income statement is a financial statement that shows the revenue, expenses, and net income (or loss) of a company during a specific period of time. It is used to measure the profitability of the products and/or services provided by the company.

In General,the Income Statement Measures the Profitability of the Products