The following things would be included on an income statement:
- revenue
- purchases
- gross and net profit
- expenses
- interest payment
- depreciation
You included no options but you should keep in mind that the income statement is used to calculate the income that the company gets. Income is the difference between revenue and expenses so you will be sure to see both.
Some examples of revenue and expenses you will see include:
- sales revenue
- interest revenue
- rent expense
- administrative expenses and others
In conclusion, the income statement helps us calculate income and so will list those things that impact income.
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