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Respond to each classmate 100 words a piece Classmate 1 The income statement shows the income and expenses of an organization that produces a net income of financial gain or loss. The finding of fin

Respond to each classmate 100 words a piece Classmate 1 The income statement shows the income and expenses of an organization that produces a net income of financial gain or loss. The finding of fin

The statement of changes in equity is an organization’s income which includes the possibility of making a profit or loss within a given period. The purpose of this system is to furnish the company’s shareholders with the right information that has a positive impact on their investment strategy. This creates a solid framework where the company improves and gains more profit from its business operations.

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