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    Income statements and balance sheets

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    What types of questions are answered by the income statements and the balance sheets?

    © BrainMass Inc. brainmass.com December 24, 2021, 4:56 pm ad1c9bdddf

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    Income Statements:
    <br>- Total sales/purchases amounts for the period
    <br>- Any sales/purchases returns
    <br>- Cost of Goods Sold
    <br>- Gross Profit/ Net ...