An income statement reports the revenues earned minus expenses incurred by a business over a period of time. True or false ?

asked Nov 16, 2022 110k views

4 votes

An income statement reports the revenues earned minus expenses incurred by a business over a period of time.

True or false ?

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4 votes

I think the statement is false

Apanatshka answered Nov 18, 2022

7.4k points

6 votes

Answer:

True

Step-by-step explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

Igor Quirino answered Nov 20, 2022

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