The business financial statement primarily used to look at how a company has been doing over time and to predict how it might do in the near future is the income statement. The income statement, also known as the profit and loss statement, summarizes a company's revenues, expenses, and profits over a specific period, allowing stakeholders to assess the company's performance and profitability trends.
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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
1 answer
1 answer