Why do purchases appear as expenses on an income statement?

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Question Posted: Nov 30, 2017 10:05 AM

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Why do purchases appear as expenses on an income statement?

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Purchases appear as expenses on an income statement because they are revenue ...View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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