TeachMeFinance.com - explain Farm income and balance sheet
Farm income and balance sheet The term 'Farm income and balance sheet ' as it applies to the area of agriculture can be defined as ' The income statement measures the profitability of a farm business for a particular period of time, usually one year. The balance sheet measures the wealth or financial position of the business at a particular point in time by reporting the farmís assets, debt, and net worth. The Economic Research Service publishes the income statement and balance sheet of the Nationís farm sector, and the farm sector financial statement each state'.
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