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An income statement reports the assets, liabilities, and stockholders' equity at a specific date. reports the changes in assets, liabilities, and stockholders' equity over a
An income statement
reports the assets, liabilities, and stockholders' equity at a specific date. |
reports the changes in assets, liabilities, and stockholders' equity over a period of time. |
presents the revenues and expenses for a specific period of time. |
summarizes the changes in retained earnings for a specific period of time. |
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