Question

The purpose of the income statement is to:​

Answer 1

Answer:

Here is your answer

Explanation:

By law, taxpayers must file an income tax return annually to determine their tax obligations. 12 Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens.

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Answer 2

Answer:

Show the revenues, expenses and operating profit for the financial year

Explanation: