Assignment Problem: Financial reporting and analysis.
Please respond the attached statement. 200 words and reference.
Statement 1: The earnings statement, also widely known as the income statement, is a financial statement created by companies which reflects their earnings, expenses and net income
Statement 2: A single-step income state is a simple and easy to read report of a business's profit. It utilizes a single equation to generate net income. A single-step presents revenue, expenses, and ultimately the profit or loss from the business.
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Attachment:- Financial reporting and analysis.rar