Which financial statement for a business would you look at to determine the company's earnings performance during an accounting period?
A) balance sheet.
B) income statement.
C) statement of cash flows.
D) the Management Assessment.

Question

Quizplus · Accepted Answer

The income statement shows a business's revenue, expenses, and net income (or loss) over a specific period, such as a month or year. This statement is used to determine the company's earnings performance during that accounting period.

Which Financial Statement for a Business Would You Look at to Determine