Why does an accountant prepare the income statement$$first$?$

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Part $1$

A$.$

$$Management$,$ being profit$$oriented$,$ is more interested in the$$company$\text{'}$s net income than in the assets the company owns and the debts it owes.

B$.$

It is easier to adjust income statement accounts first than it is to adjust balance sheet accounts.

C$.$

Net income must be computed first to properly complete the other financial statements.

D$.$

There is no particular order in which financial statements must be prepared.