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Select the characteristics that apply to the income statement. It reports only revenues and expenses. This statement has three sections: operating, investing, and financing. It
Select the characteristics that apply to the income statement. It reports only revenues and expenses. This statement has three sections: operating, investing, and financing. It is the last financial statement prepared. It is the second financial statement prepared. This statement reports for a period of time known as the fiscal period. This statement reports as of a specific date. It is the connecting link between the income statement and the balance sheet. This statement proves the equality of the accounting equation
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