imorn8631 imorn8631
  • 20-02-2024
  • Business
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The income statement presents a summary of an entity's revenues and expenses for a period of time. Which of the following statements is true of an income statement?
a) It reflects the organization's financial position.
b) It includes both current and non-current assets.
c) It is prepared on a specific date.
d) It covers a specific time period.

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