Which financial statement presents the results of operations?
A)Balance sheet.
B)Statement of financial position.
C)Income statement.
D)Statement of cash flows.

Question

Quizplus · Accepted Answer

The income statement, also known as the statement of comprehensive income or statement of operations, presents the results of operations for a specific period of time. It shows a company's revenue, expenses, and net income or loss for the period.

Which Financial Statement Presents the Results of Operations