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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.
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 |
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