2. Which business financial statement is used primarily to look at how a company has been doing over time and predict how it might do in the near future? income statement balance sheet cash flow changes in equity

Answer 1

The financial statement primarily used to look at how a company has been doing over time and to predict how it might perform in the near future is the income statement.

The income statement provides a summary of the company's revenues, expenses, and profits over a specific period, allowing stakeholders to assess its operational performance and profitability trends.