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What are the major characteristics of income statement

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Question - The hospital's income statement and balance sheet are important statements that say something about the financial health of an organization. What are the major characteristics of both the income statement and balance sheet? What managerial information do we derive from these statements? It can be further said that the income statement are traditional financial statements that have been required for many years. What other financial statement is now required for proper hospital financial reporting and what purpose or information does this statement provide.

Reference no: EM132670338

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