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January 26, 2023

Some financial statement users criticize the timeliness of annual financial statements. Required: Explain why summary information in the income statement is not new info

Some financial statement users criticize the timeliness of annual financial statements.
Required:
Explain why summary information in the income statement is not new information when the annual report is issued.
Describethetypesofinformationintheincomestatementthatarenewinformationtofinancialstatementusers when the annual report is issued.

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