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What is the general format of the income statement?Group of answer choicesRevenues - expenses = net incomeCash inflows - cash outflows = net cash flowsSales

What is the general format of the income statement?Group of answer choicesRevenues

-

expenses

=

net incomeCash inflows

-

cash outflows

=

net cash flowsSales

-

COGS

=

gross profitRevenues

-

expenses

=

net cash flows

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