3 years ago

The Income Statement is also known as the company's financial condition at a specific point in time. A : True B : False

Business

1 answer:

sukhopar [10]3 years ago

3 0

Answer:

A : True

Explanation:

The income statement is also called as a profit and a loss statement and is called a revenue statement and is transformed into the net income and the net profits and is to show the managers and the investor whether the company is making a profit and represent over a period of time.

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