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Business, 12.09.2019 02:30 hadilalhjajih

An income statement prepared according to gaap:
a. reflects the net cash flows of a firm over a stated period of time.
b. reflects the financial position of a firm as of a particular date.
c. distinguishes variable costs from fixed costs.
d. records revenue when payment for a sale is received.
e. records expenses based on the matching principle.

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An income statement prepared according to gaap:
a. reflects the net cash flows of a firm over...
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