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Author Question: Which of the following statements regarding the income statement is INCORRECT? (Read 34 times)

jayhills49

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on: Jul 9, 2019
Which of the following statements regarding the income statement is INCORRECT?
◦ The last or "bottom" line of the income statement shows the firm's net income.
◦ The income statement shows the earnings and expenses at a given point in time.
◦ The income statement shows the flow of earnings and expenses generated by the firm between two dates.
◦ The first line of an income statement lists the revenues from the sales of products or services.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by jayhills49 on Jul 9, 2019

vseab

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jayhills49

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Reply 2 on: Jul 9, 2019
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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