What is the usefulness of the income statement

Reference no: EM133205259 , Length: Word Count: 1500 Words

Assignment - Intermediate Accounting Essay

Task - Read Chapter 4 of your textbook Intermediate Accounting 16th edition and write a 1,500 word essay that addresses the following topics:

1. What is the usefulness of the income statement?

2. Describe the elements of the income statement.

3. What are discontinued operations?

4. Describe changes in accounting principles, change in estimates, and correction of errors.

Reference no: EM133205259

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