Income statement : The financial statement which reports revenues and expenses from business operations and the result of those operations as net income or net loss for a particular time period is referred to as income statement. To prepare : Income statement of D Arrangements for the year ended December 31, 2016

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Chapter 1, Problem 1.12SE

To determine

Income statement: The financial statement which reports revenues and expenses from business operations and the result of those operations as net income or net loss for a particular time period is referred to as income statement.

To prepare: Income statement of D Arrangements for the year ended December 31, 2016

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