Which two financial statements show results for a period of time?
A) The Balance Sheet and the Statement of Owner's Equity
B) The Balance Sheet and the Income Statement
C) The Statement of Owner's Equity and the Income Statement
D) Only one statement shows results for a period of time

Question

Quizplus · Accepted Answer

The Statement of Owner's Equity and the Income Statement both show financial results over a period of time, such as a month, quarter, or year, reflecting changes in equity and income/expenses respectively.

Which Two Financial Statements Show Results for a Period of Time