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the purpose of the income statement. after careful consideration your best answer is . . . it shows the amount of profits available to be
the purpose of the income statement. after careful consideration your best answer is
it shows the amount of profits available to be paid in cash to shareholders in a specific accounting period.
it shows the resources available to pay obligations in a specific accounting period.
it summarizes the profitgenerating activities of a company in a specific accounting period.
it shows the amount by which cash inflows exceed cash outflows in a specific accounting period.
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