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Basic Question 5 of 11
Income statements are classified into sections primarily to distinguish economic income from book income. True or False?
User Contributed Comments 3
| User | Comment |
|---|---|
| vincenthuang | it recognized a seperation of operating transactions from non operating transactions |
| FinanAhmad | it's not about economic value of the income, it's about types of income generated during the period. |
| adidasler | all accounting is book value not market value ... |
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Learning Outcome Statements
evaluate a company's financial performance using common-size income statements and financial ratios based on the income statement
CFA® 2025 Level I Curriculum, Volume 2, Module 2.