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The purpose of an income statement is to Question 2 options: summarize the profit - generating activities that occurred during a particular reporting period. report

The purpose of an income statement is to
Question 2 options:
summarize the profit-generating activities that occurred during a particular reporting period.
report the cash inflows and cash outflows for the period.
report the risk involved in operating the business for the reporting period.
report assets, liabilities, and owners' equity for the period.

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