The income statement contains

Revenues and Expenses

Explanation:

In an organization, there are three most important statements that are generated on periodic basis. One is Balance Sheet, second is Income Statement and the third one is Cash flow statement.

Income statement contains the information of Revenues and expenses of the organization occurred during a specific period of time. It also shows how revenues are converted to net profits of the organization.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.