The income statement reports:
A) revenues, expenses, and net income.
B) assets, liabilities, and owner's equity.
C) revenues, liabilities, and assets.
D) expenses, cash, and owner's equity.

Name: The income statement reports: A) revenues, expenses, and net income. B) assets, liabilities, and owner's equity. C) revenues, liabilities, and assets. D) expenses, cash, and owner's equity.
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Question

Quizplus · Accepted Answer

shows net income = revenue less expenses

The Income Statement Reports