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Unformatted text preview: their business. By looking at the income sheet, business owners can determine areas in which their expenses outweigh their revenue and cut expenses accordingly. Limitation: Income statements provide only cold, hard facts, not the human factor. Thus, a business owner may find some cuts more difficult to implement than others because of employee reactions. Reference: Securities and Exchange Commission; Beginners' Guide to Financial Statements; February 2007 . Retrieved from: http://www.ehow.com/info, income-statement-uses-limitations....
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This note was uploaded on 03/27/2012 for the course IS ism789 taught by Professor Hyuio during the Spring '12 term at Stratford.
- Spring '12