Description of issues associated with the income statement

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Reference no: EM131204904

Which of the following is the best description of issues associated with the income statement?

a. The income statement can alternatively be referred to as a statement of financial position.

b. The income statement is the most important financial statement in the annual report.

c. The income statement serves as a link between the statement of retained earnings and the balance sheet.

d. The income statement summarizes the results of a company's cash operations for the accounting period.

Reference no: EM131204904

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