Question

Significance of income statement

Answer 1

Explanation:

An income statement is an important financial statement as it shows the overall profitability of a company. You can also use the income statement to analyze how efficiently your business is able to translate expenses into revenues

Answer 2

Answer:

An income statement is an important financial statement as it shows the overall profitability of a company. You analyze how efficiently your business is able to translate expenses into revenues.

Explanation:

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