The first section of the income statement reports cash from operations.

Question

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The first section of the income statement typically reports revenues and gains, followed by expenses and losses, and then net income. It does not directly report cash from operations, although this information can be calculated using the accrual accounting data presented in the income statement. The statement of cash flows is the financial statement that specifically reports cash from operations, investing, and financing activities.

The First Section of the Income Statement Reports Cash from Operations