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Veterinary Practice Manager

Category - CVPM

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Which of the different types of financial statement would be used for summarizing the revenue and expenses for a specific period of time, such as a month or a year?

Statement of cash flow
Retained earnings statement
Income statement
Balance sheet

Explanation

Answer: C-An income statement would be used for summarizing the revenue and expenses for a specific period of time, such as a month or a year.

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