General-purpose financial statements include the (1)income statement,(2)balance sheet,(3)statement of changes in equity,(4)statement of cash flows,and (5)notes related to the statements.

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This is true. General-purpose financial statements typically include these five components as they aim to provide a comprehensive overview of a company's financial performance and position.

General-Purpose Financial Statements Include the (1)income Statement,(2)balance Sheet,(3)statement of Changes