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Why is the income statement important? Select one: a. Because it plays a key role in the decision-making of the business users by communicating revenues,
Why is the income statement important? Select one:
a. Because it plays a key role in the decision-making of the business users by communicating revenues, expenses, and net income (or net loss) for the period.
b. Because it determines the cash flow of a business for the current period.
c. Because its good to know these things.
d. Because it balances all of the assets, liabilities, and owner's equity of a business.
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