Why is it important for a company to create an income statement?

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20-05-2021
Mathematics

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Why is it important for a company to create an income statement?

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amy7486 amy7486 · Answer 1 · 2021-05-20T14:01:57+02:00

amy7486 amy7486

20-05-2021

An income statement is important because it offers a recent picture of the company's revenues and expenses and overall profitability. Managers and investors can use this information to make financial decisions.

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