Question

The statement used to predict future profitability and a company's future cash-generating ability is the

Answer 1

Income statement

Step-by-step explanation:

As seen in the question above, Income statement can be defined as a statement used to predict or project the profitability of a company and its future. It is sometimes called cash flow statement.

In simpler terms, the income statement is a document that shows how much a

company will make over a certain period.

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