Why is it important for a company to create an income statement?

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asked May 15, 2022 206k views

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Tharindu Welagedara · Answer 1 · 2022-05-19T06:28:53+0000

An income statement is important because it offers a recent picture of the company's revenues and expenses and overall profitability. Managers and investors can use this information to make financial decisions.

Why is it important for a company to create an income statement?

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