Entrepreneurs take risks because they may lose time and money despite their high expectation of success.
<h3>Who is an entrepreneur?</h3>
An entrepreneur is an individual who starts a business. Entrepreneurs are known for their passion to achieve business success. They enjoy the gains from their success and may risk losing their time and money in the process.
Thus, as the entrepreneurs expect to succeed, they must be realistic, recognizing that they are taking a risk.
Learn more about entrepreneurs at brainly.com/question/353543
The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.
<u>Explanation:</u>
The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.
The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.
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