The income statement helps users determine the __ of not achieving particular cash flows. a. correlation b. significance c. likehood d. risk a) a b)b c) C d)d

## Step 1The income statement is a financial document that provides a summary of a company's revenues and expenses over a specific period. It is used to calculate the net income or net loss of a company.## Step 2The income statement is a crucial tool for investors and other stakeholders as it provides an indication of the company's profitability. ## Step 3The income statement helps users determine the 'risk' of not achieving particular cash flows. This is because the income statement provides an indication of the company's ability to generate income, which is a key factor in determining the risk of achieving particular cash flows.