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Describe the two-phase analysis of income

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Question: 1. How is income defined in analyzing profitability? Identify and discuss the four factors in measuring income.

2. Describe the Two-Phase analysis of income.

3. Identify the four items of concern in analyzing revenues.

4. Describe the concept of persistence of revenues.

5. Describe the process of analyzing cost of sales (and gross profit).

6. Describe the process of analyzing expenses.

Reference no: EM132757656

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