Question: Why is it important to normalize the income statement? Review Later It adjusts the property's expenses for the year to be more realistic if the

Why is it important to normalize the income statement? Review Later It adjusts the property's expenses for the year to be more realistic if the overall market of comparable properties is performing poorly. It adjusts the property's expenses to what they should generally look like when compared to other comparable properties. Normalizing the income statement helps account for an inflationary economic environment.

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