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The purpose of the income statement is to show the: A)change in the fair market value of the assets from the prior income statement. B)market
The purpose of the income statement is to show the: A)change in the fair market value of the assets from the prior income statement. B)market value per share of stock at the date of the statement. C)revenues collected during the period covered by the statement. D)net income or net loss for the period covered by the statement E)all of the above.
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