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    Contemporary Business Study Set 2
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    Exam 15: Understanding Accounting and Financial Statements
  5. Question
    Which of the Following Financial Statements Is Also Called a Profit
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Which of the Following Financial Statements Is Also Called a Profit

Question 86

Question 86

Multiple Choice

Which of the following financial statements is also called a profit and loss statement?


A) Statement of changes in retained earnings
B) Income statement
C) Statement of cash flows
D) Balance sheet

Correct Answer:

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