Question: CASE STUDY: FINANCIAL STATEMENTS * This scenario contains two standard financial statements that are required of all businesses: the Income Statement and Balance Sheet. The

CASE STUDY: FINANCIAL STATEMENTS *
This scenario contains two standard financial statements that are required of all businesses: the Income Statement and Balance Sheet.
The income statement (also known as the Profit & Loss) documents the revenue, expenses, and profit of a business for a period of time. Use the following income statement to answer the questions:
What were the profit and revenue for Chez Cezanne in the most recent week?
a. $-6,709,$16,023
b. $-10,905,$24,236
c. $1,288,$28,744
CASE STUDY: FINANCIAL STATEMENTS * This scenario contains two standard financial

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